Economic growth slows to 1.5% in second quarter as Fed in no rush to cut interest rates

by AHTRA ELNASHAR | The National News Desk WASHINGTON (TNND) — President Donald Trump often says the United States "is the hottest country" in the world. New economic data released Thursday painted a more complicated picture . President Donald Trump often says the United States "is the hottest country" in the world. The Commerce Department's advanced reading of second quarter gross domestic product came in at 1.5%, falling short of expectations and marking a drop from the first quarter's 2.1% growth. The deceleration was driven by lower government spending, investments and exports.

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