The Delta downshift has emerged | Visa


The Delta downshift has emerged

As the COVID-19 case counts continue to rise in the U.S., the economic impact of the latest virus wave is coming into focus.

Real (inflation-adjusted) consumer spending (SA, three-month moving average CAGR), Please see image description
A bar chart showing real (inflation-adjusted) consumer spending (SA, three-month moving acerage CAGR). Ranges from .7% in January 2019 to a low of -39.5% in May 2020, a high of 41.4% in September 2020, and the last actual reading of 6.5% in July 2021.