Editorial companion

What stands out

Kevin Green flagged the year-over-year Core Personal Consumption Expenditures (Core PCE, the inflation measure that strips out food and energy) as the number investors should keep an asterisk next to after equities rallied on the print, and he tied the latest GDP uptick to heavier AI spending. He also discussed a White House meeting where AI industry leaders from Nvidia, AMD and Meta reportedly reached an "Accord on Super Intelligence," a high-profile show of coordination between Silicon Valley chipmakers, platform owners and the White House that landed on the same news day as economic data moving markets.