US economy cools in Q2, growth slips to 1.5% amid inflation and trade gaps
TL;DR Summary
US GDP rose 1.5% in Q2 2026, down from 2.1% in Q1 as consumer spending was boosted by tax refunds and higher fuel costs while a widening trade deficit and elevated energy prices weighed on momentum. Inflation (PCE) stood at 3.7% year over year in June, the Fed held rates at 3.5–3.75%, and markets rose on the data as AI/tech investment remains a growth driver.
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- U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3% CNBC
- US economic growth sees surprise slowdown in second quarter BBC
- US economy grows at a sluggish 1.5% in second-quarter with inflation remaining stubbornly high AP News
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