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Economy Slows, Fed Divides on Rates | Annapolis News
Economic growth slowed to 1.5% in Q2 as government spending, investment, and exports all dipped—though consumer spending kept things afloat. Inflation remains stubbornly high, with the PCE index at 3.7% and core inflation at 3.3%, both above the Fed’s 2% target. While the Fed held rates steady, a surprising 3-2 vote favored a quarter-point hike—its first division in three years. Chair Powell remains confident inflation can be tamed and plans to revive regular press briefings. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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