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US economy drops at 0.6% annual rate from April through June

FILE - A person pays at a Halal food truck, Wednesday, July 13, 2022, in New York. Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, Sept. 29, unchanged from its previous second-quarter estimate.(AP Photo/Julia Nikhinson - File) A consumer uses a Discover card to purchase gasoline at a Sam's Club in Madison, Miss., Thursday, July 1, 2021. Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, Sept. 29, unchanged from its previous second-quarter estimate. (AP Photo/Rogelio V. Solis) FILE - Pedestrians walk past the Federal Reserve Bank of New York, Tuesday, Sept. 27, 2022, in the Financial District of New York. Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, Sept. 29, unchanged from its previous second-quarter estimate.(AP Photo/Mary Altaffer-File) FILE - Shown is the price of shrimp at a market in Philadelphia, Thursday, June 16, 2022. Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, Sept. 29, unchanged from its previous second-quarter estimate. (AP Photo/Matt Rourke)