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U.S. Economy Slows to 1.5% Growth Rate in Q2

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Insights by Echo AI

The U.S. economy grew at an annualized rate of 1.5% in the second quarter, according to the Commerce Department. This was below expectations and primarily due to a decline in federal government spending and inventories. Core inflation in June was at 3.3%.

Source coverage

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9

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X / Twitter

3

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Telegram

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RSS

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9 Sources

  1. CNBC avatar

    CNBC

    X / Twitter / @CNBC

    U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at...

  2. CNBC avatar

    CNBC

    RSS / @cnbc.com/id/100003114/device/rss/rss.html

    U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at...

  3. CNBC avatar

    CNBC

    RSS / @cnbc.com/id/100727362/device/rss/rss.html

    U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at...

  4. Washington Post avatar

    Washington Post

    X / Twitter / @washingtonpost

    The U.S. economy slowed to a 1.5 percent pace from April through June,...

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