Resilient economy faces mounting risks from Iran and inflation

by AUSTIN DENEAN | The National News Desk WASHINGTON (TNND) — The U.S. economy that has chugged along through years of elevated inflation, whiplash from tariffs and a global energy shock but is facing an uncertain future with a return to fighting in Iran and potential rate increases from the Federal Reserve later this year. The latest snapshot showed an economy that remains on solid footing but that is facing a considerably murkier outlook moving forward. The economy grew at a 1.5% pace in the second quarter running April to June, a slowdown from the first three months of the year when the economy grew at a 2.1% clip. “OK, meh — that's the big picture,” said Ryan Young, senior economist at the Competitive Enterprise Institute. “We’re in for a period of low growth, and given the president's tariffs and Iran concerns, we're in for a period of higher-than-target inflation as well.

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