U.S. economy grew 1.5% in Q2, June core inflation 3.3%

financeJul 30, 202640187

The Commerce Department reported U.S. gross domestic product increased 1.5 percent annualized in the second quarter, below the 2.1 percent pace in Q1 and short of economists surveyed by Dow Jones who expected 1.8 percent. The GDP miss reflected a 0.7 percent drop in inventories and a 0.3 percent decline in federal government spending, while personal consumption rose 2.1 percent and gross private domestic investment gained 0.5 percent. A separate Bureau of Economic Analysis release showed the personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, at 3.7 percent year over year for headline PCE and core PCE excluding food and energy at 3.3 percent annualized after a 0.1 percent monthly rise. Quarterly PCE readings showed a 5.1 percent surge for headline inflation and 3.4 percent for core. Energy prices spiked after the U.S. and Israel attacked Iran earlier in the year, contributing to higher costs through the quarter even as energy goods and services fell 5.9 percent in June and gasoline dropped 9.2 percent that month. The Fed voted 9-3 the previous day to hold its policy rate at 3.5 to 3.75 percent, and market reaction to the reports included higher Treasury yields and positive equity futures. Consumers pared savings as personal income rose 0.2 percent and the personal savings rate fell to 2.7 percent, the lowest in four years.

Peter Baker

@peterbakernyt.bsky.social

Trump has said the economy should be growing as much as 15% a year. Last quarter it grew at only one tenth that, recording a meager 1.5% annualized GDP growth as the war upends energy markets and supply chains. www.nytimes.com/2026/07/30/b...

683h ago

GET OUT OF MY WAY!5

Trump genuinely has no idea what he says. He never did. His real estate record proves he never made a decision that was genuinely his own - but that of his then-legit team. Since he’s no longer that guy anymore, he’s left to think on his own. And he’s failing supremely.

Paul Rodger2

Why not 50 or 75 or even 200%, as long as we’re pulling numbers out of our arse?

CJOB2

CANCEL YOUR NYT SUBSCRIPTIONS 🗞

Quoting this

David Corn94

But it’s the Golden Age!

The New York Times

@nytimes.com

The U.S. economy slowed in the second quarter of the year, expanding at an annual rate of 1.5% amid disruptions from the war in Iran. Consumer spending and business investment — especially related to A.I. — remained relatively healthy.

434h ago

Unapologetic Lee 🇨🇦2

The US is tanking financially, almost out of weapons, and in a war it cannot end. Bravo.

Congresswoman Pramila Jayapal

@jayapal.house.gov

The US economy is dramatically slowing down, but Trump is still focused on expanding his illegal war in Iran. The American people do not want this to continue. It's why the House passed my bipartisan War Powers Resolution last week. Trump must end this war.

News headline that reads: "Live Updates: Iran and U.S. trade more missile strikes as 5-month war appears to expand to Egypt"

422h ago

Lee West

@whodat35.bsky.social

ECONOMY: U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3% | CNBC www.cnbc.com/2026/07/30/u...

84h ago

Martijon

@martijon.bsky.social

Stagflation is likely the worst possible economic bind short of a complete collapse. Leaves policymakers without an effective remedy. Donny two scoops got us there in no time. stocks.apple.com/AJrnlyM3fTPq...

33h ago

Mike Walker

@newnarrative.bsky.social

U.S. economy slowed in second quarter as Iran war weighs on growth www.cbsnews.com/news/gdp-eco...

44h ago

Charles Hill

@charleswlhill.bsky.social

Still waiting for the golden age of the greatest economy ever…. www.wsj.com/economy/u-s-...

43h ago

Soumya Rangarajan, MD, MPP

@soumya-goblue.bsky.social

"Key areas of the economy continued to show improvement: Personal spending rose 2.1% after eking out a 0.4% gain in the first quarter...However, consumers dipped into their savings to make ends meet. The personal savings rate declined to 2.7%, the lowest in four years." Improvement?

22h ago

Johnny 🫧 Cowlick

@jefferycowlick.bsky.social

WASHINGTON (AP) - The U.S. economy only grew at a 1.5% pace from April through June. I guess Trump's war in Iran, murderous ICE rampage in American cities, willful neglect of all social services, and pilfering of every penny from the treasury have had a negative impact on the economy. Shocking 🙄

22h ago

Charlie Richmond (Gyro Gearloose) 311.3ppm 🇨🇦🇬🇧☮️⚛️🇺🇦🌈🦋

@charlierichmond.bsky.social

Breaking news: U.S. economy grew more slowly in the second quarter messaging-custom-newsletters.nytimes.com/dynamic/rend...

23h ago

Watchdog Progressive

@watchdogprg.bsky.social

U.S. Economy Slows as Inflation Bites. Gross domestic product grew at a slower rate in the second quarter and persistent price pressures are unsettling financial markets.. www.nytimes.com/2026/07/30/b...

12h ago

Blue Freedom Quest 💙🌊💙🌊

@bluefreedomquest.bsky.social

Trump Silent as Iran War Delivers Brutal News on Economy newrepublic.com/post/213735/... via @newrepublic.com

13h ago

Sen. Maria Cantwell

@cantwell.senate.gov

GDP data released this morning revealed, again, that the economy is not growing at a pace we need to have any confidence for the future. A 1.5% rate of growth in the second quarter of 2026 is another warning sign that the economic policies of this Admin are wrong-headed & need to be changed.

22h ago

tubbyturbo.bsky.social

@tubbyturbo.bsky.social

Meanwhile: “China's gross domestic product (GDP) grew 4.7 percent year-on-year for the first half of 2026” “U.S. full-year GDP growth for 2025 slowed to an annual rate of 2.1%”

2h ago

American Bridge 21st Century

@ab21.bsky.social

“We’re seeing a slowdown. The U.S. economy did lose some steam this spring…” After a year and half of Trump’s MAGA agenda, the economy is moving backwards.

2h ago

3 sources

cnbc.comU.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%washingtonpost.comEconomy slowed in second quarter, while inflation improved cbsnews.comU.S. economy slowed in second quarter as Iran war weighs on growth

Shell profits double as oil and gas prices jump amid Iran warfinance U.S. economy grew 1.5% in Q2, June core inflation 3.3%finance

U.S. economy grew 1.5% in Q2, June core inflation 3.3%

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