But there is still one undeniable bright spot for America's economy: the housing market. Mortgage applications are rising, thanks to record low rates . So I don't expect housing to be another shoe to drop for the economy," Dwek added. Strength in the housing market has helped power the CNN Business Back-to-Normal Index as well. CNN Business partnered with Moody's Analytics to create the index, which looks at a variety of measures to judge how the economy is doing.

Source: CNN September 14, 2020 16:07 UTC