Gas prices expected to be the cheapest since covid
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California and New York are slowing, and Moody’s notes the weakness is uneven, fragmented across regions rather than a single national downturn. The data points to a more complex, slower-moving cycle than past recessions.

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Moody’s says 22 states and DC—about a third of U.S. GDP—are already in or near recession. With California and New York now slowing, the data suggest a national economy that looks solid on paper but fragile underneath.
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