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Trump’s merely “okay” economy

This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here. The American economy lost some steam this spring as the war in Iran pushed up energy prices. But don’t let that slower growth, or the downer vibes, fool you: The economy is actually…doing all right. The latest report out Thursday from the US Bureau of Economic Analysis, which covers the months of April, May, and June, finds that consumers and businesses have been feeling surprisingly spendy, despite the drag of inflation. Inflation d...