A job seeker fills out an application during the HIRE360 Diversity Hiring Expo on April 28, 2026, in Inglewood, California. (Photo by Justin Sullivan/Getty Images)(WASHINGTON) — The United States economy slowed more than expected as an inflation surge took hold over the early months of the Iran war, a government report on Thursday showed. The economy grew at an annualized rate of 1.5% over three months ending in June, marking a slight slowdown from 2.1% growth recorded in the previous quarter. The period covered by the data release followed a historic global oil shock set off by the Middle East conflict. Fed Chair Kevin Warsh, who took the helm of the central bank this summer, has vowed to dial back inflation.