Q1 Economic Update Brings Optimism and Caution

April 30, 2021

Although there’s still a lot of uncertainty about the state of the U.S. economy, the Fed, at least, expects a strong recovery this year. It just raised its estimate for 2021 GDP growth to 6.5% on the heels of the latest round of stimulus payments. In addition, the growing number of full vaccinations is sparking economic optimism, although vaccinations worldwide have not kept pace. So while we are somewhat optimistic based on the current economic tailwinds, we still recommend caution.

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