Economics
Five Early-Warning Economic Indicators for U.S. Virus Shock
- Hotel occupancy has slipped a bit at international markets
- For most part, Americans have stayed the course on spending
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While the official data releases on employment, inflation and gross domestic product will eventually show the effect of the coronavirus on economic activity, they will be behind the curve in deciphering how large the effect is on American consumers.
Stock and bond markets have priced in expectations of an economic blow from the virus. The S&P 500 on Monday recorded the worst day on Wall Street since the financial crisis, while Treasury yields plummeted, crude plunged and credit markets buckled.