CBC Partners with Stifel Financial Corp. to Discuss the Latest Growth Report of the Domestic Economy

Analysis Provided By: Lindsey M. Piegza, Ph.D, Stifel Analyst, Chief Economist

A Reduced Rate of Recovery

The latest growth report showed the domestic economy accelerated in the second quarter at a faster pace than previously reported. But as the recovery through the first six months of the year proved to be more rapid and robust than most people anticipated, market players now appear increasingly concerned about the sustainability of a relatively solid growth profile in the back half of 2021 and into 2022. Growing fears of the Delta variant, concerns over further robust government spending and rising debt levels, anticipation of less accommodative monetary policy, and lingering supply chain disruptions are all adding to the uncertain outlook and reduced expectations for activity.

The full analysis is available here.

More About Stifel

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."

About Commercial Bank of California

CBC is a full-service bank serving the business and professional communities of Los Angeles and Orange counties. Recognized as a BauerFinancial, Inc. “Five-Star Bank” for its financial strength and stability, CBC provides the financial expertise of a major bank while maintaining a commitment to personalized service for every CBC client. More information about CBC’s custom solutions for your business is available at http://www.cbcal.com/.