The supply chain is slowing down after businesses stocked up ahead of tariffs. Plus: Holiday spending, the Fed’s balance sheet, and a rural climate workforce.
The Fed’s balance sheet, mentioned by Jerome Powell this week, tracks what the Fed owns and owes. And the Fed has stopped its buying spree, mostly to reduce its influence on the market.
It’s way too early for most of us to be thinking of holiday shopping. But it’s definitely not for retail strategists, and some believe that younger people are planning to spend less this holiday season than older generations.
“[Librarians], in some cases, are shipping books with the understanding that they might not get them back on a normal timetable,” said Emanuel Maiberg, co-founder and journalist at 404 Media.