Austin Local News
Could economy be cooling?
Just one month after issuing an optimistic forecast for 2019, the Federal Reserve Bank of Dallas is walking back some of those predictions. Rather than last year's strong 2-point-7-percent job growth, economist Emily Kerr says we'll have to settle for 2-percent or less.
One problem retailers and manufacturers are facing is a higher cost for labor and raw materials compounded by companies being unable to pass the costs along due to competitive pressure. Kerr says that cuts into profit margins.
(Photo: Shutterstock by Eakphum)