“There are going to be lingering scarring effects,” economist Michelle Holder said.
Rising prices for staples like food and gas was a key worry for respondents, along with concerns about COVID and political power.
“So much is good about the recovery,” said Wendy Edelberg of the Brookings Institution. Yet “we’re still in the midst of chaos.”
Several indicators suggest that the economy is humming along. But recent surveys show, a growing number of people feel exactly the opposite.
IHS Markit's Purchasing Managers' Indexes for services and manufacturing are a mixed bag.
Some companies that won exemptions from levies on Chinese goods in the past will be able to apply for relief again.
In addition to cereal maker Kellogg's, there have also been strikes and union efforts at Amazon and within Hollywood.
U.S. Trade Representative Katherine Tai did not offer new strategies but a more pragmatic approach.
The economy would be in uncharted — and dangerous — territory.
But the Federal Reserve's biggest worry may be Congress opting not to raise the debt ceiling and the U.S. defaulting.