Weekly Bottom Line
- Last weeks data confirmed that the U.S. economy continued to make progress early in 2021.
- That progress looks likely to get a substantial shot in the arm from the $1.9 trillion American Rescue Plan in the coming weeks. We have upgraded our U.S. forecast to include the impact of the plan.
- Retail sales and the housing market continued to show strength in January, as consumers’ preference for all things “home” remained well entrenched.
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