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The Weekly Bottom Line - 3/192021

March 19, 2021
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  • Most Federal Open Market Committee members see no interest rate hikes until at least 2024 despite a sharp upgrade to the growth outlook.
  • Retail sales weakened on the back of frigid temperatures, but additional support to households through the American Rescue Plan is likely to support retail activity in the coming months.
  • Housing starts fell for the second straight month in February, but homebuilding activity is expected to remain elevated in the near-term.