Commentary
We provide insights on key macroeconomic trends — monetary policy, labor trends and interest rate trends — that inform our investment process.
Recent economic data show the US economy remains resilient
April 27, 2026
Recent economic data show the US economy remains resilient, underpinned by a labor market that has moderated without fracturing, a powerful technology investment cycle, durable if uneven consumer spending, and monetary and fiscal policy stances that have supported growth.
Recent commentary
The longest government shutdown in history leads to weaker-than-expected economic expansion
Government shutdown leads to weaker-than-expected economic expansion.
We continue to expect the above-trend GDP growth the US economy showed in the second half of 2025 to persist in the coming months
We continue to expect the above-trend GDP growth the US economy showed in the second half of 2025 to persist in the coming months.
Despite only modest job growth in 2025, the US economy has remained notably resilient
The US economy has remained notably resilient.
The US economy remains on solid footing, resilient, expanding at a moderate pace
The US economy remains on solid footing, resilient, expanding at a moderate pace
It appears the US economy has remained solid, expanding at a modest pace Share this article
During a period in which many key federal statistical publications have been delayed, the US economy has remained solid, expanding at a modest pace.
The US economy remains stable, with moderate overall growth
Data, surveys and anecdotal evidence we have cobbled together since the government shutdown confirms the US economy remained “stable” over the past several weeks, perhaps growing a bit more moderately overall, according to the latest Fed Beige Book.
