US economic growth moderates in Q2 2026

The U.S. economy's annual growth rate slowed to 1.5% in Q2 2026, down from 2.1% in Q1, according to BEA advance estimates. June saw modest increases in personal income and spending, both up 0.2% and 0.3% respectively. Headline and core PCE inflation figures for June were below expectations, suggesting a potential easing of inflationary pressures. This data indicates a cooling economy and could influence future monetary policy decisions.