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US economy grows at sluggish 1.5% in Q2 with inflation remaining high
The US economy expanded at a sluggish 1.5 per cent pace from April through toJune as rising imports weighed on growth, yet consumers continued to spend. And the Federal Reserve’s favoured measure of inflation grew more slowly last month. But it remained above the central bank’s 2.0 per cent 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.
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npr.org
The economy slowed a bit -- but Americans continued to spend
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…
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barrons.com
Economy Grew By 1.5% in Second Quarter
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…
