US Economy Grows 1.5% Amid Persistent Inflation

The U.S. economy grew at a sluggish 1.5% rate in the second quarter, with inflation remaining above the Federal Reserve’s 2% target. Consumer spending increased by 3.2%, and business investment in AI-led sectors remained strong, though rising imports, especially of computer chips, slightly dampened growth. Despite slow GDP expansion, the job market remains resilient, but high costs are fueling public concern ahead of the midterm elections.

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