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Economy Slows But Consumers Keep Spending | US News
U.S. economic growth slowed to 1.5% in Q2, below forecasted 2.1%, driven by a widening trade deficit—but consumer spending surged 3.2%, fueled by tax refunds, strong asset prices, and even the World Cup. AI-driven business investments are lifting the economy, while global conflicts and inflation pressure households to dip into savings. The Fed held rates steady, but future hikes loom as uncertainty grows and gas prices climb. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary…
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