Economy Holds Steady Amid Price Drops

Summary

Gas prices just hit a four-dollar milestone for the first time since March, thanks to new international deals and falling crude oil — though prices still vary wildly by state. Meanwhile, retail sales surged more than expected in May, fueled by warmer weather and tax refunds — economists say the boost won’t last, but it’s a sign consumers are still spendin…

Show notes

Gas prices just hit a four-dollar milestone for the first time since March, thanks to new international deals and falling crude oil — though prices still vary wildly by state. Meanwhile, retail sales surged more than expected in May, fueled by warmer weather and tax refunds — economists say the boost won’t last, but it’s a sign consumers are still spending. The Fed kept rates steady, but whispers of a possible hike later this year are growing louder — and their messaging has shifted noticeably w

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