Vaccinations Alone May Not Cure Global Economy; Fed Policy Meeting This Week
Good day. Hoping to stoke economic growth, governments are trying to raise vaccination rates to ease worries of consumers about Covid-19 infection so they spend more on travel, dining out and other activities that involve proximity to others. Also, reducing case counts would mean fewer government shutdowns of ports, factories and other operations critical to global supply chains. That disruption, along with labor shortages and demand driven by monetary and fiscal stimulus, may persist for some time, adding to global inflation concerns. The Fed is expected to give its latest view on inflation, along with other economic matters, this week during its policy meeting.
Now on to today’s news and analysis.
Vaccinations Boost the Global Economy, but May Not Cure It Alone
The global recovery is slowing as Covid-19 resurges, spurring governments to…