US | Recovery Tracker benefits from a spring break lift
The US Recovery Tracker rose 0.8ppts to 89.1 in the week ended April 2, the sixth straight rise. Another week of broad-based gains across the tracker’s components signals the recovery is pushing through the latest virus uptick.
What you will learn:
- Leading this week’s gains were looser financial conditions as stocks hit record highs and interest rates fell.
- Regional recoveries lost momentum in early April, with only 21 states recording higher readings.
- The daily vaccination rate is now comfortably above 3mn, but rising infections in some parts of the country are an important consideration as public officials deliberate reopenings.
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