The US economy is facing challenges due to inflation and the Iran war. The International Monetary Fund has downgraded its outlook for the world economy, citing the energy shock caused by the Iran war. The IMF now expects the global economy to expand by a sluggish 3% in 2026, down from 3.5% last year.
US Home Prices Hit All-Time High
Despite the lackluster sales, home prices continued to rise nationally last month. The US median sales price increased 1.8% in June from a year earlier to $440,600, an all-time high on data going back to 1999.
The Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down. Forecasts released after the meeting ended June 17 showed that half of the 18 policymakers who submitted projections supported lifting rates by the end of this year, while the other half supported keeping them unchanged or reducing them.
Original reporting: KTBS 3 (Shreveport) — read the source article.
