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US economic expansion modest, but firms upbeat about prospects, Fed says

US economic expansion modest, but firms upbeat about prospects, Fed says AFP, WASHINGTON Activity in the US economy expanded only “modestly” in the past few weeks, but companies are becoming more upbeat about their prospects as COVID-19 vaccines are rolled out nationwide, the US Federal Reserve said on Wednesday. However, the employment gains are slow, and companies are again reporting difficulty finding and retaining workers, the Fed said in its “beige book” survey of economic conditions. Even in the New York region, the only one of the Fed’s 12 districts to see activity slow, businesses “have grown considerably more optimistic about the near-term outlook,” the report said.

Free exchange - The prices of sports cards and odd collectibles are booming, too | Finance & economics

Free exchange - The prices of sports cards and odd collectibles are booming, too | Finance & economics
economist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economist.com Daily Mail and Mail on Sunday newspapers.

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