U.S. Economy Grows 1.5% Amid Persistent Inflation

Why it matters locally: Persistent inflation and slower economic growth in the national economy directly impact West Virginia households through increased costs of living and potential shifts in employment trends within the state's key industries.

The U.S. economy expanded at an annual rate of 1.5% during the second quarter, as reported by economic data. This growth rate occurred while inflation remained above the central bank's stated 2% target. Consumers experienced elevated living costs during this period. The upcoming midterm elections are scheduled to take place within 100 days.