business
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U.S. Economic Growth Slows to 1.5% in Second Quarter
09/10/2026
Why it matters locally: While mirroring national trends, this slower growth rate could influence investment and consumer confidence in New York, a state with a significant financial services sector.
WASHINGTON – The U.S. economy grew at an annual rate of 1.5% during the second quarter, from April through June. This rate aligned with previous government estimates. Analysts observed that consumer spending maintained its strength throughout the quarter. Individuals continued to purchase goods and services, contributing to the economic activity recorded for the period.
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