U.S. Economy Grows 1.5% Amid Persistent Inflation

Why it matters locally: Wyoming's economy, with its reliance on industries like energy and tourism, could see varied impacts from national economic trends, as persistent inflation affects operational costs for businesses and household budgets across the state.

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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.