US economy grows sluggish 1.5% in second quarter as inflation tops Fed target

Consumer spending remained resilient even as policymakers kept interest rates on hold The US economy expanded at a sluggish 1. 5% pace from April through June as rising imports weighed on growth. But consumer spending rose.

Source: [Guardian World](https://www.theguardian.com/business/2026/jul/30/us-economy-growth-inflation-second-quarter)