Inflation (Economics) – Page 85

Retirees Are One Reason the Fed Has Given Up on a Big Worker Rebound

Workers are in short supply three years into the pandemic job market rebound, and officials increasingly think they aren’t coming back.

It’s too soon to celebrate, but the news is improving.

The Personal Consumption Expenditures index showed prices increased 5.5 percent last month, as consumer spending pulled back.

Like other in-person workers, Santa took a hit the first two years of the pandemic. But he’s back in a big way.

Two new economic reports on Thursday fanned fears that the Federal Reserve might need to go further in its aggressive fight against inflation.