- When the Federal Reserve’s efforts to slow America’s economy don’t appear to be working, people like to say it is pushing against a string.
- Average office occupancy in 10 major U.S. cities was around 50% during the week ended Feb. 22.
- Box office receipts for the first two months of this year came to $1.08 billion.
- There were a seasonally adjusted 495,000 fewer leisure and hospitality jobs than there were before the pandemic.
- The Fed might feel compelled to raise rates higher and leave them there longer than investors would like.
WSJ — Markets — Investment — Monetary Policy — Inflation — Economics
The Economy’s Road to Wellville
The Federal Reserve is pushing against something much harder as the pandemic’s grip on the country continues to loosen. Average office occupancy was around 50%, box office receipts were $1.08 billion and 495,000 fewer leisure and hospitality jobs than before the pandemic. The Fed might raise rates h