The downgrade comes as U.S. consumer price gains accelerated in February to a fresh 40-year high.
High inflation has global banks ramping up expectations for more rate hikes.
Economists have struggled to see ahead in the pandemic. They're upbeat about next year, but could easily get blindsided again.
The ability to work from home has been singled out as one area where gains are obvious.
A slow jobs recovery should keep wage pressures low.
A new study finds that, in fact, remote work does indeed make us more productive.
It could take years for swathes of the world to join the U.S. and China in fully recovering from the pandemic.
Double-dip recessions are now expected in Japan, the euro area and U.K. as restrictions to curb the virus’s spread are enforced.
Regardless of who wins the presidential election, the U.S. will run bigger deficits and sell more debt, he said.
There are plenty of cases to be made for and against predictions of a period of rising inflation.
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