Everyone is worried the economy is 'overheating'. But what does that actually mean?
CNN
The economy is on the path to recovery but it's still far from repaired. Yet investors and economists are already worried it might be growing too fast. Here's what experts actually mean when they talk about the "overheating" economy.
Just over a year ago, the US economy faced its worst downturn on record as businesses shuttered and the nation hunkered down in the face of the pandemic. Economic activity ground to a halt last spring and then rebounded over the summer. This rebound is ongoing, but we're not quite back to normal. For example, the size of the economy was nearly $19.1 trillion at the end of March, some $166 billion lower than it was at the end of 2019, before the pandemic hit. America is also still down more than 8 million jobs compared with February 2020.The US began pulling military equipment and additional personnel out of Niger on Friday after waiting months for the ruling military junta to approve US military flights into the country, two sources familiar with the matter said Saturday, ahead of a September 15 withdrawal deadline agreed to by the two countries.
The judge who oversaw Donald Trump’s criminal hush money trial in New York on Friday informed the former president’s defense team and prosecutors with the Manhattan district attorney’s office that a comment was posted on the New York State Unified Court Systems’ public Facebook page last week by a poster who claimed to be a cousin of a juror, saying that Trump would be convicted.