Higher interest rates could blunt two big problems in the economy

There are two troubling forces threatening the economy right now, both consequences of the covid pandemic. Prices are surging to levels not seen in 40 years. And turmoil in the labor market continues to pinch businesses — there just aren’t enough people filling open jobs.

In Nashville, Dependable Delivery is feeling the strain on both ends. The courier service has raised prices and added a fuel surcharge to keep up with the escalating cost of gas and new vehicles. The company’s president, Dave Myers, said the price bumps are key to retaining his staff of nearly 40 full- and part-time drivers, who are in high demand in such a tight labor market.

“It’s barely sustainable,” Myers said. He called the dynamics swirling around his business “a balancing act.”