-
Are We Seeing Cracks in the US Consumer Economy?
As mentioned last week, the third wave of the pandemic may be peaking. While the medical news continues to get worse, new infections look to have decreased over the past several days, and the rate of increase has slowed substantially. Now that multiple states are implementing anti-COVID measures (e.g., mask mandates and partial lockdowns), infection growth looks to be slowing. While it is too soon to be certain, we seem to be approaching the peak of the third wave. We should know in the next couple of weeks. Case growth in many states remains at levels that threaten health care systems, but peak case growth should ... (full story)