Economic Commentary provides a take on the most recent U.S. economic events, indicator releases, and policy developments. These events are put into context of our projections and market views to see the practical implications of the economic moves.
First, for the OpenTable Reservation and TSA Checkpoint Traveler Throughput data on the reopening slide
On the data matrix, we upgraded the hotel occupancy trend as the national occupancy rate recovered to 50%.
On the data matrix, we downgraded the US Apple Mobility trend, which has downshifted in October, perhaps due to cooler weather and tropical storms.
There was further improvement in overall US COVID-19 trends, though rural case counts climbed this past week.
We continue to see a ‘swoosh’-shaped US economic recovery path.
Recent US COVID-19 trends have continued to improve generally, particularly for hospitalizations and deaths.