The U.S. economy grew at a 1.5% pace in Q2, slightly slower than Q1’s 2.1%, but in line with expectations. Imports—especially computer chips—dragged the number, hinting at big AI investments. Still, consumer spending stayed strong, and business investment (excluding housing) surged 8.5%. Underlying growth, stripped of volatile factors, hit 4.2%. Housing investment also rose for the first time since late 2024, despite high mortgage rates. While the headline number looks modest, the data reveals quiet resilience and rising investment beneath the surface. Final figures arrive in late September.
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