For the second week in a row, US initial jobless claims are at levels not seen since before the pandemic. The new pandemic low of 473,000 indicates that the US businesses are recovering.
US producer prices surged 6.2% year-on-year, beating market expectations. Later today, we will see retail sales figures as well as data for industrial and manufacturing production.
President Biden has announced that Americans who are fully vaccinated no longer need to wear masks in most indoor and outdoor settings.
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