The U.S. economy expanded at a 2.0% annualized quarter-on-quarter pace in the first quarter, slightly missing market expectations of 2.2%.
U.S. gross domestic product, or GDP (broad measure of economic output), increased at an annualized 2.0% quarter-on-quarter rate in the first quarter, according to the provided update. The figure was below the 2.2% estimate, indicating economic growth came in slightly weaker than expected. GDP data is closely watched across crypto and broader financial markets because it can influence interest-rate expectations, liquidity conditions, and risk appetite.