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The US economy might’ve reached peak recovery

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Summary List Placement

The US economy is still getting better. But the pace of recovery might be slowing down.

After a summer of reopening, vaccination, and lower cases, the coronavirus is bouncing back. The Delta variant’s spread lifted daily case counts to their highest levels since January, and authorities have since reinstated some restrictions to counter contagion.

The booming recovery of the summer — fueled by fresh stimulus and a surge of consumer spending — is fading. Second-quarter economic growth has already proved disappointing, coming in at an annualized rate of 6.5% compared to the median estimate of 8.5%. And details ⇒

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