Government report to show how US economy performed amid Iran war
The U.S. economy is expected to have slowed slightly in the second quarter. A government report on Thursday will show whether the United States economy held sturdy as an inflation surge took hold over the early months of the Iran war . The fresh data is set to provide gross domestic product (GDP) over three months ending in June, a period that followed a historic global oil shock . The national average price for a gallon of gasoline soared to a price as high as $4.56 a gallon in May, AAA data showed, before easing somewhat after a preliminary peace agreement last month.
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