BUSINESSWTOP DC
U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target
The U.S. economy grew at a 1.5% annual rate in Q2 2026, below expectations, with rising imports dampening expansion. Inflation, measured by the Fed’s PCE index, remained above 3.7% year-over-year, though it slowed slightly from May. The Fed kept interest rates unchanged, but three regional presidents dissented, advocating for rate hikes to address persistent inflation.
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- U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target
- US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
- U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target
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