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Drew Angerer/Getty Images Some experts fear households will quickly spend their savings and fuel runaway inflation. Studies suggest most will hold onto the cash even after the US reopens, Fed researchers said. Gradual reopening and widespread vaccination have economists wondering how Americans will spend in a post-pandemic economy. Researchers at the Federal Reserve Bank of New York see little cause for concern. Americans enjoyed a savings surge during the pandemic as government stimulus hit households and ...

Dania Maxwell / Los Angeles Times/Getty Images Weaker-than-expected global economic growth could hinder the US recovery, Fed researchers said. The CBO expects US GDP to grow 4.6% in 2021, but the chances of that fade on slower global growth. The Fed simulated 2021 growth 1 million times and found weak global growth almost guarantees US underperformance. The US economic recovery hinges a great deal on how the rest of the world rebounds, according to researchers at the Federal Reserve Bank of Dallas. For the m...

Higher-wage workers were likely insulated from the economic fallout due to their jobs' flexible nature, the researchers said. About 37% of upper-middle-wage workers were able to work remotely through the pandemic. That share climbed to 57% for those earning more than $85,000. By comparison, only 7% of low-wage workers and 13% of lower-middle-wage Americans were able to telecommute. Racial disparities also worsened during the pandemic's initial shock. Employment broadly fell 15% from February to April. But where white Americans faced a 15% decline, employment of Black Americans tumbled 16%. Hi...

Flowers comes spring allergies and where you live, obviously plays a part in how many tissues you go through. the allergy and asthma foundation found the south not so hospitable. knoxville, tennessee, the worst place to live for allergies. topped the list for the second year in a row. other allergy challenged cities, louisville, kentucky, charlotte, north carolina, chattanooga, tennessee, atlanta, georgia is a bad one. ed study based on pollen count, the number of meds used and allergy specialists per patient. >> the desert southwest is probably the best. >> or really cold places. >> don't kno...

Broadly educated student body. what are we doing wrong here? >> well, i completely agree with karyn. we're not asking enough of our kids and we're not asking enough of our educators, frankly. we need more transparency, more information about the value that is or isn't being added by higher education. this is why parents are so frustrated with $40,000 and $50,000 a year college bills and then to have a kid,ed study also shows a third of the graduates come to live at home again after you spent this kind of money. it's ridiculous and outrageous. we need more accountability. >> very clearly i wond...