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US Q2 GDP 1.5%, Spending Rises, Fed Holds Rates

7/31/2026

50 11 Full Breakdown

Summary

Story summary

U.S. GDP grew 1.5% annualized in Q2 2026, slower than Q1’s 2.1%, while consumer spending rose 3.2% annualized, up from 0.5%.
Business investment excluding housing rose 8.4% on AI spending, and imports jumped 11.5% trimming GDP by 1.5 points.
The Federal Reserve kept its benchmark rate steady for a fifth meeting, while 72% of U.S. adults say preventing domestic oil and gas price hikes is important, up from 67% in March.

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Story summary

U.S. GDP grew 1.5% annualized in Q2 2026, slower than Q1’s 2.1%, while consumer spending rose 3.2% annualized, up from 0.5%.
Business investment excluding housing rose 8.4% on AI spending, and imports jumped 11.5% trimming GDP by 1.5 points.
The Federal Reserve kept its benchmark rate steady for a fifth meeting, while 72% of U.S. adults say preventing domestic oil and gas price hikes is important, up from 67% in March.