Economy News: Miserable K-shaped economy might actually be fading, as lower-income families bounce back, says Bank of America

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Economic News Reports

Details: Written by Bing News Search Results; Category: Economic News Reports; Published: 22 June 2026; Created: 22 June 2026; Last Updated: 22 June 2026

"If this narrowing of the K is sustained, one explanation could be job growth broadening into more blue-collar sectors such as leisure and hospitality, construction and manufacturing." ...
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Posted: 2026-06-19 04:34:07

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Economy News: Strong US retail sales showcase economy's resilience despite Iran war
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By Lucia Mutikani WASHINGTON, June 17 (Reuters) - U.S. retail sales increased more than expected in May, with households boosting purchases of motor vehicles even as they paid more for gasoline, but a slowdown is likely as the cushion from larger tax refunds against higher prices diminishes.
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