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May 26, 2021

Supply remains the biggest force impacting economic activity. Some policy changes may impact the supply of labor this summer.

Data from the prior week continued to highlight how supply constraints across the economy are putting upward pressure on prices.  There are some signs that this could eventually impact economic activity.  Some states are making changes to their unemployment policies that may cause supply to increase and bring down continuing jobless claims. Markit provided updates...
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