A shrinking US workforce could prompt the Fed to keep rates high

WASHINGTON (AP) — Nonetheless keen to rent, American employers are posting extra job openings than earlier than the pandemic occurred two and a half years in the past. The issue is that there usually are not sufficient candidates. The nation’s workforce is smaller than it was when the pandemic hit. The explanations fluctuate: an surprising … Read more

People who still fear catching COVID-19 are costing the US economy billions of dollars

Greater than two years after the coronavirus pandemic started, social distancing is stopping some staff from returning to work. That’s in keeping with this working paper distributed by the Nationwide Bureau of Financial Analysis. Some persons are not able to let their guard down, understanding that COVID-19 has not gone away. About 13% of American … Read more

US could see market-shaking debt ceiling fight, Goldman Sachs warns

New York CNN Enterprise — Republicans and Democrats are prone to conflict subsequent yr over the debt ceiling, a combat that might roil monetary markets, unnerve shoppers and threaten the financial system with the specter of a dire default. The looming debt restrict battle in Washington might carry essentially the most uncertainty for the reason … Read more

Who are the eager Christmas beaver shoppers unhampered by inflation? Generation Z

New York CNNBusiness — There are not less than one group of consumers who’re eagerly hitting the department stores this vacation season, and so they do not appear overly involved about pesky inflation consuming away at their discretionary {dollars}. They’re Gen Z. And the way they store issues. This cohort of shoppers born between 1997 … Read more