hand holding a coffee cup and newspaper

The Monday Mix: March 15 – 21, 2021

Headlines discussed at LNWM’s Monday morning briefing:

The Fed expects 6.5% US GDP growth and 4.5% unemployment in 2021, but will continue stimulus (near zero Fed rate and at least $120 billion in monthly bond purchases).

US large banks will be required to meet higher reserve requirements as of March 31, when pandemic-related relief expires.

High demand and congestion at US ports has doubled factory-to-door delivery times to more than 2 months, on average.

US retail sales dropped 3% in Feb. (up 7.2% in Jan.)  amid freezing weather, but are expected to pick up with $1,400 per person Covid-relief checks.

US housing starts fell 10% in Feb., also disrupted by freezing weather; softwood lumber prices are up 80% in past year on high demand and supply bottlenecks.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.