U.S. Economy Grows at 1.5% in second-quarter

U.S. Economy Grows at 1.5% in second-quarter

(AP) — The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth, yet consumers continued to spend. And the Federal Reserve’s favored measure of inflation grew more slowly last month. But it remained above the central bank’s 2% target at a time when Americans are frustrated about the high cost of living ahead of the midterm elections, now less than 100 days away. Growth in U.S. gross domestic p…

US Economy Shows Resilience Despite Second Quarter Slowdown

US GDP growth slowed to 1.5 percent in Q2, but consumer spending and business investment remain strong for plastics industry.

U.S. Economic Growth Slows to 1.5% | Corp! Magazine

The U.S. economy slowed to a 1.5% growth pace from April through June – the government had revised first-quarter growth to 1.6% — as increases in consumer and business spending were partially offset by a drop in government outlays, the Commerce Department said Thursday. The Washington Post reported that economists attributed the growth to larger-than-usual […]