US economic rebound proves more a grind than a boom ...Qatar

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US economic rebound proves more a grind than a boom
The prevailing scenario for the US recovery on Wall Street and in Washington has until recently focused on a boom fuelled by consumers roaring back to life with a vengeance in a vaccine-induced reopening of the economy. The reality emerging from the latest data is a bumpy rebound vulnerable to surprises. Whatever your take is on whether unemployment benefits in discouraging Americans from returning to work or how worrisome recent price hikes are – not very, says the Federal Reserve – the economy is flashing messy signals. On Friday, stalling retail sales and rising inflation expectations capped a volatile week after major misses in the April consumer price and job reports. At the heart of t

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