Economics
‘Freak-Out’ Factor to Determine Delta Impact on U.S. Economy
- Analysts monitor any change in consumer behavior as cases rise
- Growth forecasts remain robust even as Treasury yields drop
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The rapid spread of the delta variant has sown volatility in financial markets this week, but thus far economists are maintaining their forecasts for an historically strong U.S. recovery.
Key to their relative confidence: officials are unlikely to order renewed lockdowns, and most consumers won’t drastically alter their plans. Any change in that assessment, and bets are off.