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Yet more evidence of a “K-shaped” economic recovery

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A waitress wearing a mask and gloves disinfects a table in a Restaurant on May 5, 2020 in Stillwater, Oklahoma.

A waitress wearing a mask and gloves disinfects a table in a Restaurant on May 5, 2020 in Stillwater, Oklahoma. Johannes Eisele/AFP via Getty Images

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New report from the Federal Reserve Bank of New York provides more evidence of some workers getting left behind while others rebound

This new report also found that low-wage workers have borne the brunt of job cuts during the pandemic. Marketplace's Nancy Marshall-Genzer has more.

Latest reading on U.S. consumer prices show no sign of inflation yet

"Today's CPI, that consumer price index, measuring how prices have fared, year over year, shows an increase of only 1.3%. That is not inflation territory and the market is going to take that as a good sign," said Susan Schmidt, head of U.S. equities with Aviva Investors. That said, inflation is something to keep an eye on as negotiations among lawmakers for more economic relief continue. "Remember that the Fed has said that they want inflation to average about 2%," Schmidt said. Over time, we've been well under, so if we exceed 2%, it's likely that the Fed still won't change interest rates. We're coming in well below 1.3%. I think that gives us plenty of room to move, and it's going to reassure investors that the Fed is going to hold tight for now, and interest rates aren't going to increase anytime soon."
COVID-19

Contact-tracing program aims to spread safety at Miami Beach businesses

by Verónica Zaragovia Feb 10, 2021
The area's hospitality industry has suffered economically during the pandemic.

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