The economy slowed a bit -- but Americans continued to spend

The U.S. economy grew at an annual rate of 1.5% in the spring, according to data released Thursday by the Commerce Department. The figures show a modest slowdown in overall economic growth compared to the previous quarter.

Despite the broader economic deceleration, consumer spending picked up steam during the same period. The reports also highlighted persistent inflation as the Federal Reserve remains focused on achieving its 2% inflation target amid ongoing economic challenges.