Economy Sluggish But Tech and Jobs Hold | Global News

The global economy’s growth has slowed to just 3%, hit by the Iran war’s energy shock—but tech’s AI boom is helping cushion the blow. The U.S. economy’s forecast jumped to 2.3%, while housing prices hit a record $446,000, making homeownership harder. The Fed’s inflation outlook is split: some see rates falling, others think they’ll rise. Oil demand is falling for the first time since 2020, hurting Asia, yet U.S. gas use rose despite higher prices. Jobs remain steady, with unemployment claims down and layoffs near historic lows—even as hiring slowed slightly in June. Listen in comfort:Get a discount on a Soli Pillow: http://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/a741695005a25303