We wanted to share this latest edition of The Weekly Bottom Line from TD Economics. Here are the highlights:
- Economic data released this week was balanced enough to re-ignite optimism in financial markets without calling into question the next fiscal support package.
- Job market data showed a third consecutive decline in the weekly jobless claims as well as moderate progress in payrolls and an unexpected drop in the unemployment rate.
- Assuming continued progress on the health front, another round of substantial fiscal supports could push the American economy from stall speed to an outright sprint in the second half of this year.