Daily Archives: Jan 26, 2021 at 07:21 am EST

US Economic Rebound Set To Persist In Thursday’s Q4 GDP Report

The government’s initial estimate of fourth quarter economic activity is expected to confirm that the healing continues following last year’s dramatic coronavirus-triggered recession. Although this week’s data will reflect a sharp deceleration in growth from the unusually high increase in Q3, Thursday’s release (Jan. 28) from the Bureau of Economic Analysis is on track to deliver upbeat news.

Continue reading

Macro Briefing: 26 January 2021

* Janet Yellen confirmed by Senate as Treasury Secretary
* House formally delivers Trump impeachment charge to Senate
* Biden to announce ban on new oil and gas drilling on federal lands
* Minnesota confirms case of more contagious coronavirus variant from Brazil
* Xi’s speech at World Economic Forum highlights US-China challenges
* China says it will conduct military exercises South China Sea this week
* Biden faces challenging balancing act in first call to Russia’s Putin
* Wall Street isn’t worried about sharp rise in federal debt–for now
* Market volatility in 2020 was no threat to index funds, study finds
* Will Fed’s Powell avoid past QE mistakes in the last year of his term?
* US economic growth trend strengthened slightly in December: