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It’s holding back developed economies and dominating the rest of the world.
So-called high frequency data also paints a picture of how the delta coronavirus variant is affecting the economy.
Owners expect lower sales and worse business conditions in the coming months, reflected in the NFIB’s declining optimism index.
Delta could slow the economy in two main ways: Governments could restrict consumers — again — or consumers could restrict themselves.
For a lot of people, the downturn doesn’t feel over and may not for years. So what does “over” mean in this case?
The pandemic seems to have taught a lot of businesses that employees don’t need to travel as much as they used to.
The good news? The U.S. economy created 850,000 jobs in June. The bad news? There are still 7 million fewer jobs than before the pandemic.
The Fed is trying to create a way forward in monetary policy — but in nearly uncharted economic conditions.
The latest numbers from the Bureau of Labor Statistics show that food prices rose in May. That’s a trend that will likely continue in the short term.
The pandemic’s still weighing down the economy, despite some encouraging signs.