US gross domestic product (GDP) growth slowed unexpectedly in the second quarter, with the economy expanding at an annualised rate of 1.5 percent, while underlying inflation metrics remained stubbornly high

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 U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose.