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The Piney Point

US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high

US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
Photo: KPRC 2 / Click2Houston (NBC) · view original

The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And the Federal Reserve's favored measure of inflation grew more slowly last month, but remained above the central bank's 2% target. The Commerce Department r...

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