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NJ Spotlight News | Business Report: Restaurant industry recovery | Season 2023

The PBS NewsHour Business Report discusses several key economic issues. It highlights the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing debate over the U.S. debt ceiling, with warnings from Treasury Secretary Janet Yellen about the potential economic consequences of failing to raise it. Additionally, it touches on the labor market, noting a slight increase in unemployment claims but still robust job growth. The segment concludes with a look at the impact of high inflation on consumer spending and the potential for a slowdown in economic activity.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1673988870/ ]