BUSINESSWPLG LOCAL 10 MIAMI
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 the second quarter of 2026, slower than the 2.1% growth in the first quarter, with inflation remaining above the Federal Reserve's 2% target. The Fed left interest rates unchanged despite three regional presidents dissenting in favor of rate hikes. The economy showed resilience amid the Iran war and higher energy prices, with the job market adding 92,000 jobs monthly in 2026 compared to fewer than 10,000 in 2025.
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- U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target
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