Forex
US Economy Expands at Slowest Rate Since Q4 2023
The US economy grew at a sluggish 1.5% pace in the second quarter of this year, as rising imports weighed on growth.
This is according to data released by the government, which shows that economic expansion slowed down significantly from the previous quarter's rate of 2.0%.
The economy has been facing challenges due to high inflation, with prices remaining stubbornly high despite efforts by the Federal Reserve to control them.