The prospect of a summer interest rate hike by the Federal Reserve seems to be fading.

Economists now believe the economy probably expanded at a mild 2% annual rate during the second quarter, down sharply from its 5.8% pace in the first quarter. Meanwhile, inflation remains dormant.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.