NEW YORK, NEW YORK - JULY 30: People walk along a shopping street in lower Manhattan on July 30, 2026 in New York City. The Commerce Department reported on Thursday that the U.S. economy only expanded at a 1.5% pace from April through June, as inflation from the war with Iran continues to weigh on the economy. Consumer spending, which accounts for 70% of U.S. economic activity, increased at a 3.2% pace. (Photo by Spencer Platt/Getty Images)

NEW YORK, NEW YORK - JULY 30: People walk along a shopping street in lower Manhattan on July 30, 2026 in New York City. The Commerce Department reported on Thursday that the U.S. economy only expanded at a 1.5% pace from April through June, as inflation from the war with Iran continues to weigh on the economy. Consumer spending, which accounts for 70% of U.S. economic activity, increased at a 3.2% pace. (Photo by Spencer Platt/Getty Images)

NEW YORK, NEW YORK - JULY 30: People walk through a shopping district on July 30, 2026 in the Quensborough of New York City. The Commerce Department reported on Thursday that the U.S. economy only expanded at a 1.5% pace from April through June, as inflation from the war with Iran continues to weigh on the economy. Consumer spending, which accounts for 70% of U.S. economic activity, increased at a 3.2% pace. (Photo by Spencer Platt/Getty Images)

NEW YORK, NEW YORK - JULY 30: People in a restaurant in a shopping district on July 30, 2026 in the Quensborough of New York City. The Commerce Department reported on Thursday that the U.S. economy only expanded at a 1.5% pace from April through June, as inflation from the war with Iran continues to weigh on the economy. Consumer spending, which accounts for 70% of U.S. economic activity, increased at a 3.2% pace. (Photo by Spencer Platt/Getty Images)

International Monetary Fund (IMF) Managing Director Kristalina Georgieva waves as she gets on a car while leaving Uruguay's Presidency building in Montevideo on July 30, 2026, after meeting with Uruguay's Minister of Economy Gabriel Oddone. (Photo by DANTE FERNANDEZ / AFP via Getty Images)

From left: Bank of England (BoE) Deputy Governor Clare Lombardelli, BoE Governor Andrew Bailey, head of media Katie Martin and BoE Deputy Governor for Markets and Banking Dave Ramsden take part in the Monetary Policy Report press conference in London, Thursday, July 30, 2026. (Henry Nicholls/Pool Photo via AP)

Bank of England (BoE) Governor Andrew Bailey speaks during the Monetary Policy Report press conference in London, Thursday, July 30, 2026. (Henry Nicholls/Pool Photo via AP)

Bank of England (BoE) Deputy Governor Clare Lombardelli speaks during the Monetary Policy Report press conference in London, Thursday, July 30, 2026. (Henry Nicholls/Pool Photo via AP)