Powell Says COVID Variant Clouds Inflation, Economic Outlook
He adds that the new variant could also worsen supply chain disruptions.
us economy
US Jobless Claims Hit 52-Year Low After Seasonal Adjustments
Seasonal adjustments around the Thanksgiving holiday contributed significantly to the bigger-than-expected drop.
U.S. Economy Grew At A Moderate 2.1% Annual Rate Last Quarter
Still, the holiday shopping season is expected to be relatively healthy given solid job growth and consumer spending.