US economic growth slows unexpectedly in second quarter - Fox Business
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- U.S. GDP grew only 1.5% in Q2, a sharp miss against expectations, according to Fox Business, CNBC, and Bloomberg headlines.
- ABC News frames the slowdown as fallout from the Iran war, while CNBC reports June core inflation at 3.3% and Bloomberg notes consumer spending remained strong.
Why it matters: A 1.5% GDP print — below expectations — raises the stakes for the Fed, and ABC News pinning the miss on the Iran war suggests geopolitical spillover is now a measurable drag on US output, even as core inflation at 3.3% keeps rate cuts in question.
