U.S. Economic News
January 25, 2021
U.S. Economic Indicators
The Chicago Fed National Activity Index rose from +0.31 in November to +0.52 in December. Three of the four broad categories of indicators – production, employment, and sales, orders, & inventories – contributed positively to the overall index, while the consumption category contributed negatively. Chicago Fed Report
U.S. News
The Washington Post reports that dramatic shifts in consumption patterns during the pandemic continue to overwhelm global supply chains, causing shipping costs to triple in the last year amid bottlenecks and labor shortages. As consumers spend less on services and more on imported goods like clothing and electronics, the global logistics industry has come under strain, with implications for domestic manufacturing and consumer prices. WaPo