
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 (second quarter). This is slower than the 2.1% growth in the first quarter. Despite the slowdown, Americans spent more money, boosting consumer spending. Inflation stayed above the Federal Reserve's 2% target. The Fed kept interest rates unchanged, though some officials wanted a raise.
7.8Significance
6 sources8.0Source trust