Woofun AI reports that recent US economic indicators exhibit significant volatility, with Q1 GDP revisions primarily driven by reduced imports. May personal income growth included one-time farm subsidies, while PCE inflation spikes were energy-led and durable goods orders fell due to aircraft order reversals. These transient factors are expected to normalize.

Tariff-related goods inflation acts as a temporary price shock, fading from year-over-year data within 12 months, though consumer purchasing power faces permanent erosion. Conversely, AI capital expenditure remains a sustained trend, contributing 1.55 percentage points to Q1 GDP—four times the consumer share—with core capital goods orders rising 1.6%.