America In Focus: US economy expands at sluggish pace, mortgage rate hit the highest level in a year

The U.S. economy is expanding at a sluggish 1.5% this quarter, while mortgage rates have reached a yearly high of 6.66%. Despite rising consumer spending, inflation continues to outpace the Federal Reserve's target, impacting Americans' confidence amidst higher borrowing costs and gas prices.

Full story and more reels: https://newsreel.video

#news #breaking #economy #mortgagerates #inflation #finance