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Federal Reserve begins meeting as data show bumpy US recovery

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AFP

Washington (AFP) – The Federal Reserve opened its two-day policy meeting on Tuesday, as a host of new data show the US economic recovery is hitting speed bumps, complicating the central bank’s job. Rising prices have garnered the most attention as the economic reopening accelerates thanks to widespread Covid-19 vaccinations, but data also indicate disappointing hiring as well as supply chain bottlenecks that are holding back US industry, notably the auto sector. The expectation is for the Fed to hold the line on its stimulative policies as it waits for proof that all Americans are benefiting f…

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