Survey Shows Consumers “Panicked” About Delta Variant Suggesting Negative Shocks Are Transitory

Trends in USA COVID-19 cases are still distorted by holidays, but showing steady improvements…The surge and scourge of Delta-variant runs its course in specific states but the overall USA cases don’t necessarily capture this because other states are seeing a surge. And case data is distorted by the Labor Day impacts (missing data, true ups) and the book ends of Rosh Hashana and Yom Kippur, causing additional distortions. By the end of next week, data will be likely normalized.

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