Economy Holds Steady Amid Price Drops

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 with new leadership. For homebuyers, mortgage rates dipped slightly, now lower than a year ago, as Treasury yields cooled. And on the job front? Unemployment claims dropped slightly, layoffs remain at historic lows — the labor market’s holding strong despite the economic noise. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/dcc8286b1134bc9b