Supply bottlenecks, labor shortages slowed US growth, says Fed

Supply bottlenecks, labor shortages slowed US growth, says Fed

This post was originally published on this site Supply bottlenecks and labor shortages have slowed US economic growth and contributed to a sharp rise in prices, the Federal Reserve said Wednesday. The constraints and shortage of goods caused “significantly elevated prices” in most areas of the country, the Fed said...

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House to vote to extend debt ceiling through early December

House to vote to extend debt ceiling through early December

This post was originally published on this siteThe House of Representatives is expected to vote Tuesday to extend the nation’s debt limit through early December after the Senate approved a stopgap measure last week in a bid to avert a catastrophic default and economic disaster.

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Goldman Sachs Downgrades Economic Growth Forecast

Goldman Sachs Downgrades Economic Growth Forecast

This post was originally published on this site Goldman Sachs economists have cut their economic growth forecasts for 2021 and 2022 because of lagging consumer spending. The economists in a Sunday note to clients blamed the downgrade on “a longer-lasting virus drag on virus-sensitive consumer services spending,” a decreased financial...

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