Source: WRAL TECHWIRE, 1/20/22

Business leaders and policymakers face a confusing set of signals about factors that determine the state of the U.S. economy, including a large rebound in consumer demand, the exponential jump in COVID-19 cases from the Omicron variant, mounting labor and supply chain shortages, and inflationary pressures not seen in decades. The state of the aggregate economy, while murky, carries extremely important implications for near-term business decisions as well as the stance of fiscal and monetary policy going forward.

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