The soft underbelly to a looming economic boom: Millions will miss out - News Summed Up

The soft underbelly to a looming economic boom: Millions will miss out


Economic stimulus or economic relief: Here’s what we know about who might qualify for the next round of coronavirus checks and how much they’ll get. Its explanation typically includes academic debates about what constitutes inflation or what the mathematical link is between unemployment and prices. ADBut the answer this time is also much simpler: Despite the headline numbers, the economy is still in bad shape for millions of Americans. And for many workers like Figueroa, jobs may not come back even if the economy booms again. Still, economists and Wall Street investors are trying to pin down how much inflation the Fed will tolerate before it raises rates.


Source: Washington Post March 30, 2021 09:56 UTC



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