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

Higher costs have frustrated Americans ahead of November’s midterm elections, which will determine whether President Donald Trump’s Republicans keep full control of Congress.

The U.S. economy expanded at a sluggish 1.5 per cent pace from April through June as rising imports weighed on growth. But consumer spending rose. And the Federal Reserve’s favored measure of inflation grew more slowly last month, but remained above the central bank’s 2 per cent target.

The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth

Consumer spending remained resilient even as policymakers kept interest rates on hold The US economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And the Federal Reserve’s favored measure of inflation grew more slowly last month, but remained

U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target  apnews.com

Growth cooled from 2.1% as imports weighed on the economy, while inflation stayed at 3.7% and three regional Fed presidents pushed for hikes.

The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth

July 29 : Equinix shares fell 3 per cent on Wednesday as soft third-quarter forecast overshadowed a raised full-year and long-term outlook.Here are some details:• For the third quarter, Equinix expects revenue of $2.53 billion to $2.58 billion, the midpoint of which is below analysts' estimate of $2.58 billion.• Equini