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NewsWPLG Local 10 – Main FeedAugust 26, 2026Miami-Dade

U.S. economy grows at 1.5% in second quarter as consumer spending remains strong

The U.S. economy grew at a 1.5% annual rate from April through June, a deceleration from the 2.1% growth seen in the first quarter. While consumer spending rose by 3.4%, overall growth was tempered by a 12.5% increase in imports and ongoing inflationary pressures.

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Why It Matters

The report provides a snapshot of national economic health, indicating that while consumer activity remains robust, rising import costs and inflation continue to impact the overall pace of economic expansion.

Key Facts

  • The U.S. economy grew at a 1.5% annual pace in the second quarter.
  • First-quarter growth was 2.1%.
  • Consumer spending increased by 3.4% in the second quarter, up from 0.5% in the first quarter.
  • Imports rose at a 12.5% annual pace, reducing overall GDP growth by 1.64 percentage points.
  • Business investment, excluding housing, rose by 8.5% in the second quarter.
  • A measure of underlying economic strength grew at 4.2%, up from 1.7% in the first quarter.
  • Inflation rose 3.7% in July compared to a year earlier, matching the June rate.
  • Inflation is currently above the Federal Reserve's 2% target.
  • The final report on second-quarter GDP is scheduled for release on September 30.

Who's Mentioned

locationIsrael“Country involved in conflict with Iran.”locationChina“Country mentioned regarding potential tariffs.”organizationCommerce Department“The federal agency responsible for reporting GDP and economic data.”locationCanada“Country mentioned regarding potential tariffs.”locationIran“Country involved in conflict impacting energy prices.”organizationFederal Reserve“The central bank monitoring inflation targets.”personDonald Trump“President mentioned in the context of tariff threats.”