US Economy Grows 1.5% in Q2, Consumer Spending Holds Steady

The U.S. economy grew at an annualized rate of 1.5% in the second quarter, a slowdown from the 2.4% pace reported in Q1. The decline was largely attributed to a widening trade deficit and subdued manufacturing activity. However, consumer spending remained robust, providing a cushion that mitigated the negative impact of weaker exports. Economists note that the resilience of household consumption could support continued growth, though the trade drag may pose challenges for future fiscal policy.