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U.S. Commerce Secretary announces $3 million CARES Act grant to help South Carolina's tourism industry


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U.S. Secretary of Commerce Wilbur Ross announced on Dec. 16 the federal agency would make available to South Carolina $3 million in Coronavirus Aid, Recovery and Economic Security (CARES) Act grant funding to help the state’s tourism industry recover from the COVID-19 pandemic.
“President Trump is working diligently every day to support our nation’s economy following the impacts of COVID-19 through the CARES Act,” Ross said on the
U.S. Economic Development (EDA) web page. “This investment will provide the resources that South Carolina’s tourism industry needs to rebound from the coronavirus pandemic and, in turn, create a stronger and more resilient state economy for the future.” ....

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The inflation debate that's roiling US markets faces 2021 test


The inflation debate that’s roiling US markets faces 2021 test
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Last Updated: Jan 10, 2021, 11:18 AM IST
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Synopsis
But even by the end of 2022, the Fed’s preferred measure won’t exceed its 2 per cent target, according to economist surveys.
Bloomberg
By Ben Holland, Katia Dmitrieva and Christopher CondonThey’re still in the minority, but investors and economists who think America is in for a bout of inflation perhaps a serious one start the year with some fresh ammunition for their arguments.
Vaccines hold out the prospect of an end to pandemic restrictions that could bring consumers roaring back. It’s what economists call pent-up demand –- a label that applies quite literally right now. The incoming Biden administration will likely prop up household spending with more financial aid, after Senate elections this month gave Democrats a majority. And in the background, the dollar has been weakening and commodity prices risi ....

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