Economists anticipate ho-hum US economic growth for the remainder of the year and well into 2026, with steady, tariff-driven inflation buffeting consumers.
Gross domestic product is now set to grow 1.1% in the second half of the year, a downshift from average growth of 1.4% during the first six months, according to the latest Bloomberg monthly survey of economists. Consumer spending, the economy’s primary growth engine, is also seen expanding at a 1.1% pace in both the third and fourth quarters.
At the same time, economists expect core inflation— measured by the personal consumption expenditures price index — ...
