Delta variant had smaller impact on US consumer spending


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

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