About 80,000 New York City employees who have been working from home since the pandemic are returning to their offices. The mayor believes that will send a powerful message about the city's recovery.
Americans spent freely in March, thanks in part to the government's relief payments. Since a lot of that money is still sitting in people's bank accounts, it could finance a lot more spending.
Personal income jumped by a record 21% last month, largely thanks to those $1,400 relief payments. The extra cash helped fuel a jump in spending that should continue in the months to come.
Under President Biden, the Standard and Poor's 500 is set to post its best performance in the first 100 days of any president since Franklin D. Roosevelt's first term.
"This is going to be the summer of New York City," Mayor Bill de Blasio said, because people "want to live again." He cited the city's success in hitting or trending toward its reopening targets.
The U.S. economy grew at a rapid pace in the first three months of the year as more people got vaccinated and the federal government pumped hundreds of billions of dollars into people's pockets.