U.S. Economic News

March 2, 2021

U.S. News

Bloomberg reports that the surge of imports into the U.S. economy – fueled by continued high demand for “pandemic commodities” such as furniture, home office equipment, and cleaning products – is unlikely to slow in the near future. At the same time, the broader U.S. economic recovery remains sluggish, highlighting another instance in which the pandemic has led to unexpected and atypical market outcomes. Bloomberg

According to the Washington Post, semiconductor chip shortages have forced U.S. automakers to cut back on production, threatening job losses for auto manufacturers and their supply chains. While President Biden recently signed an executive order intended to prevent future shortages of chips, there is an unlikely to be an easy fix to the increasingly complex problem. WaPo