Two months into 2021, how is the US economic system doing? You may do not forget that on the finish of final yr, every part was actually unsure. The economic system was in horrible form, and financial progress was slowing down. However vaccinations for Covid had lastly began, and on the finish of December the federal government handed one other support and stimulus invoice.
So with February nearly over, we needed to ask: have issues began wanting up? Spoiler alert, however sure! It seems like for the primary time in months, there’s truly a slate of optimistic, hopeful macroeconomic information to share!
On the Indicator, it is time for a well being test on the economic system. We speak about 3 indicators which have been trending in the appropriate path for the primary two months of 2021: retail spending, the variety of adults experiencing meals insecurity, and the worth of copper.