A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a new round of stimulus payments and the stepped-up rollout of coronavirus vaccines. The new survey released Wednesday showed that the Fed’s business contacts around the country were expressing more optimism about the economy’s outlook as activity accelerated. The survey credited a range of factors, from vaccinations to the payments of up to $1,400 for individuals from the $1.9 trillion relief package that President Joe Biden pushed through Congress last month.
