Latest / Tulsa News Today | 2 Min News | The Daily News Now!
Economy Slows, Inflation Persists | Tulsa News
The U.S. economy grew just 1.5% in Q2, slower than expected and dragged down by rising imports — but consumer spending held strong. Inflation cooled slightly to 3.7% year-over-year, down from 4.1% in May, though core inflation remains stubbornly high at 3.3%. The Fed kept rates steady for the fifth straight meeting, despite three regional leaders pushing for hikes to battle persistent price pressures. With Americans feeling the squeeze ahead of midterms and global tensions rattling energy prices, the resilient job market — adding 92K jobs monthly — offers some relief, but the high cost of…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.