The U.S. economy grew at an annual rate of 1.5% in the spring, according to the Commerce Department. That's a modest slowdown from the previous quarter — but consumer spending picked up steam.
Consumer spending continued to power the U.S. economy in April, May and June, as GDP expanded at an annual rate of 1.5%.
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The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer…
Strong consumer spending and steady business investment helped cushion the US economy in the second quarter, but a surge in…
The US economy expanded at a slower 1.5% pace in the second quarter. Strong consumer spending and AI infrastructure investment…
Consumer spending helped push the number higher, rising by 1.6% compared to an initial 1.4% estimate.
Growth was revised up to 3.8% in the period from April through to June - up from the previous estimate of 3.3%.
Growth cooled from 2.1% as imports weighed on the economy, while inflation stayed at 3.7% and three regional Fed presidents…
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