Dossier
Pandemic-era relief programs
Coverage of Pandemic-era relief programs in the Nexus archive.
- K-shaped economy is real, per New York Fed research
The Federal Reserve Bank of New York confirms the existence of a K-shaped economy, where high-income households drive spending growth due to wealth gains from financial assets, while low-income households struggle with inflation. The divergence in spending patterns since 2023 highlights economic fragility and risks linked to market corrections.