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.