Slowly

U.S. Economy Grew More Slowly in the Second Quarter

The US economy grew at an annual rate of 1.5% in the second quarter of 2026, down from 2.1% in the first quarter. Inflation stayed above the Federal Reserve's 2% target, with core inflation around 3.3% in June. Consumer spending remained strong, while rising imports and higher energy costs linked to the Middle East war slowed growth.