The U.S. economy maintained robust growth in the second quarter of 2026, with real GDP rising 1.5% annually, driven by strong consumer spending and business investment. Personal consumption expenditures grew 3.2%, while business fixed investment surged 8.4%. Job growth accelerated, adding 334,000 net jobs in Q2, with the unemployment rate remaining at 4.3%. Inflation eased, with headline CPI declining 0.4% in June and core CPI at 2.6% annually. Energy price volatility linked to the Iran conflict subsided after a ceasefire, though geopolitical risks remain. The administration highlighted policies enhancing energy resilience through increased domestic oil production and exports. Labor markets showed resilience, with prime-age participation rates remaining high. While risks like geopolitical tensions and AI integration uncertainties were noted, the outlook for sustained growth remains favorable.
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