US economy slows as GDP growth slips to 1.5%, consumers keep momentum alive
US economic growth slowed to 1.5% in the second quarter, impacted by a significant rise in imports. Strong consumer spending and business investment provided crucial support for the economy during this period. Inflation continued to ease in June, though it remained above the Federal Reserve's target rate. The labor market showed improvement this year, boosting consumer confidence and spending power.
US economic growth slowed to 1.5% in the second quarter, impacted by a significant rise in imports. Strong consumer spending and business investment provided crucial support for the economy during this period. Inflation continued to ease in June, though it remained above the Federal Reserve's target rate. The labor market showed improvement this year, boosting consumer confidence and spending power.
