Provided By: Lindsey M. Piegza, Ph.D., Chief Economist
“Forecast Update: Improved Growth Outlook amid Health and Spending Initiatives”
"At the end of last year, many questions persisted about the health and political environment of the country. The vaccine rollout was still in the early stages, and the balance of power in Congress had not yet been decided with two Senate seats awaiting run-offs. While many risks remain today, the directional lean of politics and the pandemic containment effort, however, appear to be more certain. At this point, the U.S. economy still has considerable ground yet to recapture before returning to pre-pandemic levels or reaching a strong enough point in the cycle to warrant a removal of policy accommodation, yet discernable progress has been made. The continued reversal of state and local pandemic-related restrictions, along with a rising inoculation rate and declining COVID caseloads and deaths, is a welcome step towards returning to some semblance of normal. Additionally, massive government stimulus will work to boost near-term activity as well as expectations for stronger growth in 2021 and beyond."
The full report is available here.
Stifel Financial Corp. is a diversified financial services holding company that conducts its business through several wholly owned subsidiaries. Its primary broker-dealer subsidiary, Stifel, Nicolaus & Company, Incorporated, is a full-service brokerage and investment banking firm established in 1890. Stifel Financial Corp. was formed as a holding company in July 1983 and is publicly traded on the New York Stock Exchange under the symbol "SF."