Headlines discussed at LNWM’s Monday morning briefing:
— 965,000 new claims for unemployment were filed in latest week, the most since August, with some 19 million people collecting benefits.
— President-elect Joe Biden announced a $1.9 trillion economic rescue package that includes healthcare spending and $15 federal minimum wage.
— US inflation remains low — 1.4% annual rate — despite big recent increase in gasoline prices, but could accelerate when economy full recovers from Covid-19.
— China’s economy grew 2.3% in 2020, accelerating to 6.5% by year-end, boosted by infrastructure spending and direct payments.
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