Commerce Department. It

Breaking down the GDP report as U.S. economy slows in 2nd quarter

The U.S. economy grew more slowly in the second quarter of 2026, according to the Commerce Department. The Federal Reserve decided to keep interest rates unchanged, even though three officials wanted a rate increase. PBS NewsHour said the slowdown might be linked to the war in Iran. Al Jazeera said tariffs and higher oil prices caused a supply shock that dragged growth down.