U.S. economic growth slows to 1.5% in second quarter as inflation exceeds Fed target
3 sources·Updated July 30, 2026
US economic growth
Covered by 3 sources
- CNBC Top News·10h agoU.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
While the GDP number was below expectations, the miss appeared to come from a decline in federal government spending and inventories.
Read at CNBC Top News → - Guardian AU Headlines·12h agoUS economy grows sluggish 1.5% in second quarter as inflation tops Fed target
Consumer spending remained resilient even as policymakers kept interest rates on hold The US economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And the Federal Reserve’s favored measure of inflation…
Read at Guardian AU Headlines → - Globe and Mail Biz·13h agoU.S. economic growth slows to 1.5% in second quarter as inflation exceeds Fed target
Economy was sluggish even as consumer spending rose; PCE price index was up 3.7% annually in June
Read at Globe and Mail Biz →
