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The Nexus
BUSINESSJul 30 · 15:15 UTCWPLG LOCAL 10 MIAMIBy PAUL WISEMAN, Associated Press

US economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly high

The U.S. economy grew at 1.5% in the second quarter of 2026, down from 2.1% in Q1, driven by consumer spending and AI-related business investment but weighed by rising imports. Inflation, as measured by the Fed's PCE price index, remained above the 2% target at 3.7% year-over-year, prompting some Fed officials to push for rate hikes.

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US economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly high · The Nexus