. Powell also noted that he expects inflation to remain elevated in the near term, but will likely decline over time as the economy recovers. He added that the Federal Reserve is committed to using its tools to support a strong labor market, but it likely will need to keep interest rates low and its balance sheet large to achieve its goal of maximum employment.
If you haven’t started your Thanksgiving trip, you’re not alone. The busiest days are still to come.
Most people will be traveling throughout Thanksgiving Weekend. The Wednesday before Thanksgiving is usually the busiest travel day, so if possible, try to leave a few days before or after Wednesday. That being said, make sure to check for the latest safety guidelines and take precautions like wearing a mask and social distancing when you’re […]
The U.S. economy added 187,000 jobs in August, according to the latest figures from the Labor Department. This was higher than the expectations from economists who had predicted an increase of about 164,000 jobs. The job gains were seen in professional and business services, health care, wholesale trade, transportation and warehousing, and mining. The unemployment […]
Small-business owners are feeling the impacts of the ongoing Salesforce platform outage, which has reportedly caused power outages in parts of the United States and Canada since April 2013. According to reports, this outage has prevented small businesses from accessing their Salesforce customer relationship management (CRM) system. Because most small businesses rely heavily on their […]