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Something may be changing in the American economy for the worse, and it’s because of the Delta Covid variant. At least that’s what Bank of America research thinks.
The stock market had a major wobble on Monday, July 19, as data on the variant — and how many Americans it’s rapidly infecting — challenged economic thinking around the reopening boom, led by consumer spending. In a signal of how seriously the mood changed, previously vaccine-skeptical Republican politicians and Fox News hosts reversed themselves, urging more Americans to get vaccinated.
The American shopper emerged from lockdown details ⇒
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