Federal Reserve meeting minutes: Real GDP growth rebounded in the first quarter, with an increase in high-tech goods imports.

According to Golden Ten Data on May 21, the assessment of the economic situation by Federal Reserve staff indicated that, based on information available at the time of the meeting, real GDP growth rebounded in the first quarter as the impact of the federal government shutdown waned. Trade data through March showed that net exports were the main drag on U.S. GDP growth in the first quarter: goods exports rebounded strongly from the decline in the fourth quarter of 2025, but boosted by growth in high-tech goods imports, the increase in goods imports was even more pronounced.