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U.S. Economic Outlook· Day 1

U.S. Growth Slows

Second-quarter GDP cooled while inflation stayed stubbornly high.

July 30, 2026 · Updated Jul 30, 5:39pm ET

30%

Left · 5

35%

Center · 6

35%

Right · 6

Pano rates the coverage Balanced.

What happened

The U.S. economy grew at a 1.5% annualized rate in the second quarter of 2026, the Commerce Department’s advance estimate showed, down from 2.1% in the first quarter and below economists’ 2.1% forecast. Rising imports subtracted from GDP, while consumer spending and business investment continued to support output. The Fed’s preferred inflation gauge, the personal consumption expenditures price index, fell 0.1% in June and eased to 3.7% annually from 4.1% in May. Core PCE inflation was 3.3%, still above the Fed’s 2% target, complicating rate decisions.

U.S. Economic Outlook

Storyline →
  1. Aug 20Walmart Sales Growth SlowsMostly Center
  2. Aug 14U.S. Retail Sales SlumpBalanced
  3. Aug 12US Inflation Eases In JulyMostly Right
  4. Aug 7U.S. Jobs Fall In JulyBalanced
  5. Jul 30U.S. Growth Slows (this story)Balanced

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