US economy’s growth was weaker than expected in the second quarter | CNN Business

The U.S. economy grew at an annualized 1.5% rate in the second quarter, below both the prior quarter’s pace and economists’ expectations. A wider trade deficit tied partly to imports of AI-related equipment weighed on growth, while consumer spending and business investment remained strong. The article also notes a resilient labor market, persistent inflation concerns, and continued Federal Reserve focus on price pressures.

Summary generated July 30, 2026. AI summaries can make mistakes.