Broker Check

The Weekly Bottom Line - 2/26/2021

February 26, 2021
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We wanted to share this latest edition of The Weekly Bottom Line from TD Economics. Here are the highlights:
  • Federal Reserve Chairman Powell reassured markets that there will be no early tightening of monetary policy or drawdown of asset purchases even with a brighter economic outlook.
  • Consumers remain at the forefront of the recovery, as personal income surges and spending rebounds on the back of income support measures.
  • Jobless claims fell more than expected this week but remain three times higher than pre-pandemic levels.