The Fed is cautiously optimistic on recovery
The economy is growing strongly as it recovers from its pandemic-induced downturns — so strongly that the Fed has signaled it will start tapering bond purchases soon and may raise interest rates next year. That optimism for economists comes with an asterisk, however, as COVID-19, supply chain issues and inflation threaten to stand in the way of full economic recovery. Also: Afghanistan’s informal money exchange market, New York City’s new protections for food-delivery app workers and Evergrande’s shockwaves in China.