October Surprise: High Frequency Indicators Point To Quicker Rebound
Shoppers and pedestrians walk past stalls at the Bhadra Fort market in Ahmedabad, India, on Thursday, Oct. 22, 2020. Photographer: Sumit Dayal/Bloomberg

October Surprise: High Frequency Indicators Point To Quicker Rebound

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High-frequency economic data improved in October, with several indicators now at or above pre-Covid levels. Economists point to pent-up demand, a festive boost and lower new Covid infections as rea...