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The US economic rebound reached its peak this quarter. From July onward, the story of nationwide recovery will be one of moderation, Bank of America said Friday.

The combination of March stimulus, successful vaccine distribution, and swift reopening accelerated the US recovery to an all-out sprint. The economy is on track to grow the most since 1984 this year and, in the process, fully recoup gross domestic product lost during the pandemic. After more than a year in lockdown, the US is poised to end the year 

Yet the breakneck rate of recovery will start to slow details ⇒

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