US | Recovery Tracker up again as momentum builds
The US Recovery Tracker rose 1.1ppts to 87 in the week ended March 19 on broad-based gains across five of the tracker’s six categories. The breadth and persistence of the gains over the past five weeks suggests growing momentum.
What you will learn :
- While health conditions have improved, the pace of weekly gains has slowed dramatically with some regions experiencing a renewed rise in coronavirus infections.
- Gains this week were led by rising mobility, with flights at 70% of their pre-Covid levels, commuting about two-thirds, and driving nearing its pre-pandemic level.
- Demand recouped its pre-Covid level for the first time in this cycle as
warmer weather led to more restaurant outings, more credit card spending, and stronger housing activity.
Tags:
Related Services
Post
Housing supply front and centre for policy makers
The passing of the previously delayed Housing Australia Future Fund (HAFF) means that all the Albanese government's announced housing policies are now in place. These policies represent a minimum funding pool of $5.5 billion stretching to the end of the decade, potentially lifting as high as $10 billion if all targets are met and excess fund returns achieved.
Find Out More
Post
BoJ will continue effective zero interest rate policy anyway in Japan
The Bank of Japan (BoJ) maintained the policy rates at its September meeting, following a tweak in its yield curve control policy in July. Although this decision was widely expected, the markets are starting to speculate policy changes within the coming quarters, especially after the BoJ governor's recent interview.
Find Out More