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Breaking down the GDP report as U.S. economy slows
The U.S. economy slowed in the second quarter, with the Commerce Department linking the decline to the war in Iran. The Federal Reserve maintained interest rates despite three dissenting opinions supporting a rate hike, as discussed by Amna Nawaz and Greg Ip of The Wall Street Journal.
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Related Signal
Adjacent reporting
- Government report to show how US economy performed amid Iran war
- US economic growth slows in second quarter but domestic demand robust
- US economic growth rebounds 2% as consumer spending slows amid Iran war
- US economy grew less than expected at 1.5% rate in second quarter
- U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
- U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target