US economy expands 1.5% in Q2, misses forecasts despite spending rebound
- Posted on July 30, 2026
- By Business News Today
- 0 Views
- 1 min read
In brief
Generating AI summary…
US economy expands 1.5% in Q2, misses forecasts despite spending rebound
The US economy expanded at a slower 1.5% pace in the second quarter. Strong consumer spending and AI infrastructure investment supported overall economic activity. Imports surged, significantly weighing down the gross domestic product growth. Inflation showed signs of easing but remained above the Federal Reserve's target. The Federal Reserve kept interest rates unchanged while signaling potential future hikes.
