Sunday was the busiest day in history for U.S. airports.
The big picture: The Transportation Security Administration screened just over 2.9 million passengers at the end of the holiday weekend, marking an agency record.
The majority of Cyber Monday sales will wind down late Monday night, but some retailers will continue to offer deals Tuesday and beyond.
Why it matters: The highly competitive holiday shopping season can be make-or-break for retailers and inflation-weary consumers are searching for bargains and discounts.
It was to be expected that the outburst of inflation during the last three years would trigger a wave of second-guessing the decisions of major central banks. After all, it is their job to keep inflation under control.
Now it's the Bank of England's turn, with a small dose of irony.
Driving the news: In a new report out Monday morning, the Economic Affairs Committee of the U.K. House of Lords criticized Britain's central bank for a lack of intellectual diversity and inadequate oversight, even as its responsibilities have widened.
A pandemic-era question is still stumping economists: How much more can the supply side of the economy improve?
Why it matters: The answer has huge implications for America's lingering inflation problem. If there are further improvements in store for supply chains, that would offer a notable disinflationary tailwind — and less pain for the U.S. economy.
It's that time of year on Wall Street when economists and analysts do their best to try to game out what lies in store next year.
Why it matters: The ritual publications of Wall Street forecasts provide a snapshot of widely held views on what to expect. These predictions don't necessarily turn out to be accurate — so they might better be described as a barometer of the current vibes.