US Economy Stalls at 1.5% Growth as Inflation and Iran War Bite, But Housing and AI Shine

**US economic growth slowed to 1.5% in Q2, a "relatively flat" outcome burdened by persistent inflation and the ongoing Iran war. Housing demand, however, surprised to the upside, showing positive year-over-year growth even as mortgage rates hover near 6.83% and the 10-year yield hit 4.74% — a yearly high.

Headwinds

• Inflationary pressures: Apple's CEO described memory-price inflation as a "100-year flood," forcing the company to raise product...