Delta variant had smaller impact on US consumer spending

Coronavirus

The Delta variant appears to have had a weaker impact on US consumer activity than an equivalent Covid-19 surge in 2020.

Research published by the Federal Reserve Bank of Cleveland confirms a statement by Federal Reserve chair Jerome Powell, who said that later Covid waves have produced “less in the way of economic implications”.

The Cleveland Fed research observes that Delta caused Covid-19 hospitalisations per 100,000 residents to increase by more than 150% between July 25 and August 22 of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: