U.S. Federal Reserve Warns of Delays and Price Hikes During this Holiday Season

Delays and price hikes are anticipated in the United States for holiday merchandise, a Federal Reserve official warned Sunday, calling for more to be done to boost the workforce.

'Right now, we see consumers trying to get out early and spend their money to get their goods before they run out,' Mary Daly, head of the San Francisco branch of the US central bank, told CBS.

When shopping for the upcoming holidays, 'people are buying it now and they're being told oftentimes they can't get it until after the holiday has passed,' she said.

Source: The Daily Mail

Post a Comment

0 Comments