Business

US Economy Struggles Amid Gas Price Surge

Updated 2026-06-17 13:10 UTC 2 sources Negative

High gas prices are squeezing American consumers, reducing spending on non-essential items like dining out. The conflict with Iran is exacerbating economic pressures.

Coverage timeline — 2 articles
CNBC
Traders on prediction market platform Kalshi largely forecast a unanimous decision among FOMC members at Wednesday's meeting, after April's divided vote.
2026-06-17 12:48 UTC
MarketWatch
Americans are spending more on gas and eating out less, a sign of stress on the economy tied to the conflict with Iran that’s forced consumers to shift more dollars to needs instead of wants.
2026-06-17 12:51 UTC
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