The U.S. economy grew at a 2.1% annual pace in the second quarter, a slowdown from the 3.0% rate recorded in the first quarter, according to Reuters. The softer reading reflected a moderation in consumer spending, which had been a key support for growth earlier in the year.

Business investment also remained restrained, adding to signs that overall demand has cooled. While the latest figure still points to continued expansion, it suggests momentum has weakened as households and companies become more cautious.

The report comes as investors and policymakers watch closely for signs of whether the economy can maintain steady growth without renewed strength in consumer activity. For now, the data indicate a more measured pace after a stronger start to the year.