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Some of those huge Texas electricity bills were a mistake?

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An icy Texas neighborhood during the recent extreme weather.

The state needs to be prepared to prevent extreme cold from paralyzing the electric power system. Matthew Busch/AFP via Getty Images

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379,000 more people were on the payrolls in February, indicating a stronger-than-expected job market

"It's not just that we almost added 400,000 jobs. It's that we managed to add that many jobs despite the great freeze," said Christopher Low, chief economist at FHN Financial, "which caused construction employment to fall, manufacturing employment gains were probably smaller than they would have been. In fact, even state and local government employment was down because teachers couldn't come in to work in parts of the South." Good jobs numbers can fuel inflation and bond market concerns, as Treasury yields have continued to rise. But also fueling concerns, Low said, is the fact that Fed Chair Jerome Powell did not say the central bank would stop yields from rising, just that it would monitor and take action on "disorderly" market conditions.
COVID-19

Will borrowing get more expensive for consumers as the economy recovers?

by Amy Scott Mar 5, 2021
Interest rates on 30-year mortgages have started climbing.

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