The U.S. economy experienced a slowdown in the second quarter, as reported by the Commerce Department on July 30, 2026. This decline may be influenced by the ongoing conflict in Iran. The Federal Reserve decided to maintain interest rates at their current levels, despite three members dissenting in favor of an increase. Amna Nawaz of PBS NewsHour spoke with Greg Ip from The Wall Street Journal for further insights.
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U.S. Economy Experiences Slowdown in Second Quarter, Commerce Department Reports
The U.S. economy slowed in the second quarter, according to a report from the Commerce Department. The slowdown may be linked to the war in Iran, while the Federal Reserve opted to keep interest rates unchanged despite some dissenting opinions.
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Amna Nawaz
Greg Ip
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Breaking down the GDP report as U.S. economy slows in 2nd quarter
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U.S. Economy Experiences Slowdown in Second Quarter, Commerce Department Reports