Fed’s Beige Book Says Economic Growth Constrained By Supply Chain Issues, Labor Shortages

With growth constrained by ongoing supply chain disruptions and labor shortages, the Federal Reserve’s Beige Book said Wednesday that U.S. economic activity expanded at a modest pace in the final weeks of 2021. The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, noted demand for materials, inputs and workers remained elevated […]

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Global supply chain pressures ease, but crisis isn’t over

For our free coronavirus pandemic coverage, learn more here. The nature of global supply chains is so complex and multi-faceted that it is difficult to get a fix on just how disrupted they have been by the pandemic. We can see the end-result – the queues of container ships at ports, the empty shelves at supermarkets and other retailers, the […]

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UK Housing Market May Slow Next Year – Nationwide

The UK housing market may slow next year, after a stellar 2021, with the end of the stamp duty holiday and the threat posed to the labor market by the Omicron variant of the coronavirus, the Nationwide Building Society said Thursday. The house price index climbed 10.4 percent year-on-year in December after a 10.0 percent increase in the previous month, […]

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U.S. New Home Sales Rebound From Downwardly Revised Level In November

New home sales in the U.S. rebounded strongly from a substantially downwardly revised level in the month of November, according to a report released by the Commerce Department on Thursday. The Commerce Department said new home sales soared by 12.4 percent to an annual rate of 744,000 in November. However, the sharp increase came from a downwardly revised rate of […]

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This Is the State With the Most Reckless Drivers

Car accidents killed 42,060 people last year, according to the National Safety Council (NSC). That is a rise from 39,107 the year before. Car accidents neared 6 million, and the cost of these accidents is close to $1 trillion. Several solutions to lower the number of accidents have been suggested. First is more effort to curb drunk driving. This has […]

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U.S. Homebuilder Confidence Modestly Improves In December

Despite inflation concerns and ongoing production bottlenecks, the National Association of Home Builders released a report on Wednesday showing a modest improvement in U.S. homebuilder confidence in the month of December. The report said the NAHB/Wells Fargo Housing Market Index inched up to 84 in December from 83 in November, reaching its highest level since a matching reading in February. […]

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U.S. Consumer Sentiment Unexpectedly Improves In December

Consumer sentiment in the U.S. unexpectedly improved in early December, according to preliminary data released by the University of Michigan on Friday. The report said the consumer sentiment index climbed to 70.4 in December after dropping to a ten-year low of 67.4 in November. The rebound surprised economists, who had expected the index to edge down to 67.1. Despite the […]

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