GDP Q2 2026: Economy Grew 1.5%, Missing the 2.1% Mark
The Bureau of Economic Analysis reported Thursday that real GDP grew at an annualized rate of 1.5% in the second quarter of 2026, missing the consensus estimate of +2.1% by 0.6 percentage points. The prior quarter, Q1 2026, came in at +2.1% according to the same BEA release, which incorporated the agency's 2026 annual revisions. The growth shortfall arrives one day after the Federal Reserve held its policy rate at 3.50%-3.75% and just hours after the June PCE price index showed inflation cooling to +3.7% year-over-year from +4.1% in May. Key Takeaways Q2 2026 real GDP grew at +1.5% annualized (advance estimate), missing the +2.1% consensus by 0.6 percentage points, per the BEA release on Jul…
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