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Economy Slows, Inflation Persists | Orlando News
Description
The U.S. economy slowed to 1.5% growth in Q2, missing forecasts, fueled by a spike in imports—but consumers kept spending and AI-driven business investment remained strong. Inflation lingered at 3.7%, above the Fed’s 2% target, while job gains surged to 92K/month, boosting consumer confidence. With midterms looming, inflation remains a top voter concern as the Fed holds rates steady amid ongoing debate over the best path forward.
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