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The rapid rebound in consumer spending has overwhelmed supply chains, driving up prices. (Gabby Jones/The New York Times) Employers are adding hundreds of thousands of jobs a month, and would hire even more people if they could find them. Consumers are spending, businesses are investing, and wages are rising at their fastest pace in decades.
Joutz’s loved ones described him as a kind, funny and intelligent person who could energize a room full of people.
The U.S. capital markets are poised for the first rate hike since 2018.
China is facing its worst COVID-19 outbreak since the start of the pandemic, and the supply-side repercussions of the resulting lockdowns could throw even more gas on the United States's inflationary fire.
Consumers hit with higher prices due to inflation likely aren’t looking forward to interest rate hikes from the Federal Reserve. Here’s why the Fed does...