This post was originally published on this siteEconomists hoped that as households shifted spending back to services, price gains would cool. That effect might be less pronounced now.
This post was originally published on this siteMany workers, with renewed leverage, are pointing at higher prices and demanding higher wages.
This post was originally published on this siteInflation is rapid and wages are growing at the fastest pace in two decades, trends that may prod the Federal Reserve to lift rates several times this year.
This post was originally published on this siteU.S. job growth likely rebounded last month but not enough to return to the higher pace from earlier this year, with a shortage of workers and other effects from the pandemic weighing on the economy.
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...