Delta, high inflation, record home prices, major labor and supply shortages --- 2021 was another helter-skelter year for the economy. Americans are likely to...
Delta, high inflation, record home prices, major labor and supply shortages — 2021 was another helter-skelter year for the economy.
— Robert Frick of Navy Federal Credit Union The problem? No one knows what’s next. Take the omicron. It’s spreading faster than any other variant and is igniting a panic in Europe. — Joel Naroff of Naroff Economic Advisors How come? Americans amassed big savings during the pandemic, for one thing. Wages are also rising as at the fastest pace in decades because of a major labor shortage, putting even more money in people’s pockets.
The Fed is now scrambling to get ahead of the problem and reassure investors that price pressures will subside in the next year. The central bank appears on track in 2022 to raise a key short-term rate its kept near zero during the pandemic for the first time since 2018. — Luke Tilley of Wilmington Trust If he’s right, the labor shortage is not going way. But it’s not all a bad thing. Businesses might struggle to fill a near record number of open jobs, but workers will have more money in their pockets to spend.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow surges 380 points and S&P 500 logs 2nd-highest close of 2021 as Fed signals aggressive tapering and projects 3 rate hikes in 2022U.S. equity benchmarks closed sharply higher Wednesday, and the S&P 500 missed a record closing high. The Dow Jones Industrial Average closed up over 380 points, or 1.1%, to reach 35,926.
Read more »
Shaun White says Beijing Winter Olympics in 2022 will likely be his lastSnowboarder Shaun White's last ride down an Olympic halfpipe may be in 2022 at the Winter Olympics in Beijing, China.
Read more »
The 2022 Audi R8 is packed with power and exotic performanceIf anyone has their heart set on a new R8 with this amazing, gas guzzling V-10 engine, now’s the time to head for the Audi dealership before it goes electric.
Read more »
2022 economy will be hotter and pricier than Fed expected in SeptemberInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Fed to accelerate tightening, with as many as three rate hikes in 2022The Federal Reserve is further tightening up its pandemic-era easy money policy and will increase the pace of tapering, a move that could usher in rate hikes
Read more »