Economy Slows, But Underlying Strength Persists | Lubbock News

The U.S. economy grew at a modest 1.5% in the second quarter, down from 2.1% in the prior quarter—mostly due to a surge in imports. But beneath the surface, consumer spending remains robust, business investment in AI is surging, and housing activity is showing its first uptick since late 2024, despite high mortgage rates. While global tensions and energy spikes add pressure, the underlying economic strength is holding firm. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5fffe8d495dc7d84