EconomyU.S. economy posts sluggish 1.5% second-quarter growth as inflation stays above Fed target
The U.S. economy grew at a sluggish 1.5% annual pace from April through June. Rising imports put pressure on the overall growth figure. Consumer spending nevertheless increased during the quarter. Inflation remained above the Federal Reserve’s target.
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U.S. economy posts sluggish 1.5% second-quarter growth as inflation stays above Fed target
Economy