Good news on Covid. The Centers for Disease Control and Prevention projects that with high US immunization and moderate adherence to preventative measures, Covid hospitalizations and deaths will plummet further in the US and stay low through July.
Note the first part — vaccination and prevention — are needed to make the second part — low hospitalizations and deaths — reality. And variants will remain the wild card.
The advances in the US are coming as other countries are still in the throes of this disease.
Right now, the US sees an average of 686 deaths per day, according to Johns Hopkins University.
The nation has not seen the 7-day average of deaths this low since July 10 — nearly 10 months ago.
At its peak on January 14, the US was averaging 3,432 deaths per day, JHU data shows.
The unemployment rate is not expected to match the pre-pandemic less-than 4% rate, but it could drop under its current 6%.
Difficulties as the economy roars back to life. There are so very many stories about pent up demand driving up prices.
Some are blaming lingering fears about Covid and some restaurant workers left the business.
Massoud and others are blaming generous unemployment benefits creating a “conflict of interest” for workers.
Montana’s Republican governor, Greg Gianforte, said his state will now reject some federal unemployment benefits starting in June.
There are continued concerns about inflation — when prices rise and eat into the purchasing power of a dollar. It would equal a sort of pay cut for everyone.
Treasury Secretary Janet Yellen said, and then walked back, the obvious fact that the Fed may need to hike interest rates to tamp down on inflation, rattling investment markets.
CNN’s Julia Horowitz put all that into context:
Big picture: Whether investors want it to or not, post-Covid inflation has arrived. What matters is whether higher prices are transient, as Yellen forecasts, or turn out to have staying power.
“The question is not whether there will be some inflation this year, but whether it will represent ‘overheating’ of the economy as a whole,” J. Bradford DeLong, a professor of economics at the University of California at Berkeley, wrote in a column published Tuesday.
Anyone who normally reads this newsletter and wonders where all the good news is will have gotten to this portion today and see this next bit coming: on the economy, at least, it’s possible to have too much of a good thing.