U.S. economy slowed in the spring as Iran war weighed on growth — but consumers held up

Consumer spending rose at a 3.2% pace and business investment stayed strong, cushioning the drag from higher energy prices and rising imports

Dconomic activity weakened between April and June as energy costs surged, new government data shows.

Economic growth was weaker than expected in the second quarter while inflation in June held well above the Federal Reserve's goal, the Commerce Department reported Thursday.This is breaking news. Please refresh for updates.