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A strong performance in financial markets, particularly an outsize gain for the stock market in 2021, helped entrench existing trends of wealth inequality during the pandemic, new data released this week show.

New yorkUnited statesWalley adeyemoJanelle jonesYork federal reserve bankUs bureau of labor statisticsEconomic policy instituteFederal reserveWashington centerNew york federal reserve bankBlack americansVice presidentNew york fedDeputy secretary walley adeyemo