The US economy expanded at a slower 1.5% pace in the second quarter. Strong consumer spending and AI infrastructure investment supported overall economic activity. Imports surged, significantly weighing down the gross domestic product growth. Inflation showed signs of easing but remained above the Federal Reserve's target. The Federal Reserve kept interest rates unchanged while signaling potential future hikes.

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…

Second-quarter U.S. economic growth dramatically missed estimates. Inflation-adjusted gross domestic product grew at an annual rate of 1.5% over the three months that ended in…

The latest numbers come after GDP expanded 2.1% in the first quarter and a slower 0.5% in the fourth quarter of 2025.