US Economy Grows at Sluggish 1.5% in Second Quarter as Inflation Cools
The U.S. economy grew at a sluggish 1.5% annual pace from April through June 2026, weighed down by rising imports, even as consumer spending surged. Meanwhile, the Federal Reserve’s preferred inflation gauge cooled to 3.7% year-over-year in June, remaining above the central bank’s 2% target ahead of the November midterm elections. Economic growth cooled across … Read more