-
Seth Golden posted an update 3 years, 11 months ago
Based on cost estimates of the various provisions and applying the corresponding fiscal multipliers (Chart 1), Bank of America estimates that the new stimulus package will contribute approximately 2.7% to growth in 2021. The bank now expects that more of the stimulus impact will be frontloaded into 1Q (Chart 2). The start of the year has cross currents with weaker economic data but an earlier and more targeted fiscal stimulus (we had expected passage after inauguration). On balance, the bank now sees upside risk to the bank’s forecast of 1% GDP growth in 1Q.
Who's Online
Recently Active Members
MarketWatch.com – Top Stories
- Here’s all the incentives Eagles running back Saquon Barkley just earned after his historic game November 25, 2024The NFL star — who gained more than 300 yards from scrimmage on Sunday night — has millions of dollars worth of incentives in his contract.
- Treasury bonds stage biggest rally in nearly 4 months after Bessent picked for Treasury November 25, 2024Longer-term Treasury yields dropped sharply Monday, sending prices higher on optimism that President-elect Donald Trump’s choice of Scott Bessent as Treasury secretary could help lower budget deficits.
- A stolen $97,000 disability check, a bureaucratic nightmare — and an unlikely happy ending November 25, 2024Todd Kahler was on the verge of homelessness after his Social Security disability-benefit check was stolen from the mail. He got the money back, but it took tenacity and some outside help.