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Rest for the mind as markets pause in New York
A stock market pause provides rest for the mind and prompts reflection on whether higher interest rates are needed to cool a booming economy. Analysts note rising productivity offsets inflation, yet a 3.9 percent unemployment rate signals a tight labor pool and growing trade imbalances. Critics urge widening worker reentry without Social Security penalties and adapting to the information age.
MENTIONED IN THIS ARTICLE
New York
Fed
Alan Greenspan