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Economy Holds But Risks Loom | Annapolis News
The U.S. economy’s showing surprising resilience, growing at 1.5% in Q2 fueled by strong consumer spending and AI-driven business investment—but caution is mounting. While Americans keep spending, inflation’s five-year grip is squeezing wallets, and wages haven’t kept pace, risking a future dip in consumer demand. The job market, however, remains surprisingly robust—with hiring surging across sectors like construction and manufacturing, giving households more breathing room. Yet, inflation’s fragile gains are under threat: renewed Iran tensions are jacking up oil prices again, and tariffs add…
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