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Thu, 30 Jul 2026

Thu, 30 Jul 2026 US economic growth sees surprise slowdown in second quarter

The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.
US economy grows at 1.5% annual rate in Q2, down from 2.1% in Q1 Growth slowdown attributed to lower government spending, investment and exports Consumer spending remains resilient, growing at 3.2% Prices rise by 3.5%, but households "shrug off" higher fuel costs Federal Reserve holds interest rates steady, citing solid economic growth despite uncertainty caused by Middle East conflict Economists say growth will return to above 2% later this year, as investment in industries outside AI starts to revive