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Economy Holds But Iran Risks Spike | Portland Maine News
Description
The economy’s holding steady but under pressure: growth slowed to 1.5% in Q2, consumer spending and business AI investments remain strong, and jobs are up—but inflation’s stubbornly above target, wages are flat, and new Iran-related tensions are rattling oil prices and global supply chains. With the Fed split on whether to hike rates and fresh tariffs looming, the outlook is fragile. Watch out for price spikes and economic headwinds as the Strait of Hormuz and inflation continue to threaten stability.
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