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.
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