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How Economic News Consumption Can Create Greater Uncertainty
When economic growth starts to falter, the average person tends to keep a closer eye on macroeconomic news. This could simply mean searching for the latest updates on unemployment or spending more time watching videos about energy and food prices. An individual’s heightened attention to economic news doesn’t impact the broader economy. But what happens when that level of scrutiny is multiplied by millions? In a June 2023 Timely Topics Podcast episode, St. Louis Fed economist Yu-Ting Chiang discussed his research examining how increased consumption of economic news during an economic downturn can generate greater ... (full story)