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Imports hold back US economic growth in Q2, but domestic demand robust

Imports hold back US economic growth in Q2, but domestic demand robust

By Lucia Mutikani WASHINGTON, July 30 (Reuters) - U.S. economic growth slowed in the second quarter as imports widened the trade deficit, but robust consumer spending and business investment related to the buildout of artificial intelligence infrastructure underscored strong domestic demand.
Reuters Reuters
Consumers, AI spending likely supported US economic growth in the second quarter

Consumers, AI spending likely supported US economic growth in the second quarter

By Lucia Mutikani WASHINGTON, July 30 (Reuters) - The U.S. economy likely maintained a steady pace of growth in the second quarter, supported by stronger consumer spending and robust business investment in equipment tied to the buildout of artificial intelligence infrastructure.
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Federal Reserve Begins Meeting with Interest Rate Hike on the Table

Federal Reserve Begins Meeting with Interest Rate Hike on the Table

Federal Reserve Begins Meeting with Interest Rate Hike on the Table
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U.S. Economic Growth Slows to 1.5% in Q2 as Inflation Persists

U.S. Economic Growth Slows to 1.5% in Q2 as Inflation Persists

U.S. Economic Growth Slows to 1.5% in Q2 as Inflation Persists
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Treasury Yields Rise as Federal Reserve's Rate Decision Looms

Treasury Yields Rise as Federal Reserve's Rate Decision Looms

Treasury Yields Rise as Federal Reserve's Rate Decision Looms
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US Economic Growth Slows in Q2 Amid Strong Domestic Demand

US Economic Growth Slows in Q2 Amid Strong Domestic Demand

US Economic Growth Slows in Q2 Amid Strong Domestic Demand
AP News AP News
US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high

US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high

The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth
Reuters Reuters
Bar to Fed rate hike this week remains high even as markets see a chance

Bar to Fed rate hike this week remains high even as markets see a chance

By Ann Saphir and Michael S.
Reuters Reuters
US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom

US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom

By Lucia Mutikani WASHINGTON, July 27 (Reuters) - New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged by the most in 4-1/2 years as businesses ramped up spending on artificial intelligence, suggesting the economy maintained a fairly strong pace of
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Treasury Yields Decline as Federal Reserve Rate Decision Looms

Treasury Yields Decline as Federal Reserve Rate Decision Looms

Treasury Yields Decline as Federal Reserve Rate Decision Looms
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Federal Reserve Meeting: Interest Rate Decision Amid Global Tensions

Federal Reserve Meeting: Interest Rate Decision Amid Global Tensions

Federal Reserve Meeting: Interest Rate Decision Amid Global Tensions
AP News AP News
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war