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US economy grows sluggish 1.5% in second quarter as inflation tops Fed target

By Associated Press Jul 30, 2026, 9:21 am75 pts
Consumer spending remained resilient even as policymakers kept interest rates on hold The US economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And the Federal Reserve’s favored measure of inflation grew more slowly…

Continue reading US economy grows sluggish 1.5% in second quarter as inflation tops Fed target at The Guardian

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