The 2017 tax cuts failed to deliver an accelerating economy, the Treasury secretary said
Economists say a full recovery remains far off
Retail gains in recent months may be short-lived
Pent-up demand was unleashed from April to May
Sales over the past 12 months are down a crippling 21.6%
Unemployment remains near a five-decade low
Declaration sent stock prices tumbling immediately
But home prices rose at a slower pace in May
Home prices have increased faster than income for 7 years
Strong performance could complicate the Fed’s rate decision