1 Day
Source:
The Boston Globe
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US economy's 1.5% Q2 growth
The U.S. economy grew at a modest 1.5% rate in the second quarter due to rising imports, despite a boost in consumer spending. Inflation, as measured by the Fed's preferred PCE index, slowed slightly but remained above the 2% target, while the Federal Reserve maintained its interest rate without change. Despite economic resilience and job gains, Americans continue to face high living costs amid persistent inflation.
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