Top-of-mind economic news as we start the week:
— The Fed is expected to raise a key US interest rate by 25 basis points this Wed., amid stubbornly high inflation and market volatility.
— Talks to end the Russian invasion of Ukraine continued amid ongoing fighting; oil prices receded to just over $100/barrel.
— A Feb. survey of more than 2,000 US households indicates 75% think inflation is hurting them financially, per Bankrate.
— China shut down the city of Shenzhen, a major manufacturing hub that includes Apple supplier Foxconn, on spike in Covid cases.
— Close to 40% of US workers under the age of 30 quit their jobs in 2021; quit rates for those over 30 much lower.
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