The US economy is powering through Delta

That was the take from Ian Shepherdson, boss financial analyst at Pantheon Macroeconomics, subsequent to seeing the information on US retail deals for August. What’s going on: Contrary to assumptions, US retail deals expanded last month as purchasers kept on laying out on apparel, furniture and food. It’s a promising sign heading into the essential Christmas shopping season, and shows that the US economy is exhibiting strength regardless of a spike in Covid cases set off by the Delta variation.

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