Taking Stock of the Current Economic Expansion
Presented by: Brian Jones, Financial Economist, FHLBNY
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On a monthly basis, the recovery from the pandemic-induced shuttering of the U.S. economy marked its one-year anniversary in April. Buoyed by massive fiscal support and expanding COVID-19 vaccinations across the country, economic growth has accelerated sharply since the end of last year, with the entire real business activity lost to the healthcare crisis likely to be recovered by the end of this spring.
What lies ahead for the national and local economies over the balance 2021 and beyond? How long can the pace of domestic business activity remain above its long-term trend? What are the prospects for labor markets and inflation going forward? What are the implications for interest rates and financial markets? Will housing remain a bright spot on the economic landscape as we move past the midpoint of 2021? What about commercial real estate markets? Will activity in the FHLBNY district continue to lag the remainder of the Nation or catch up as more shots are administered?
Watch our video as FHLBNY financial economist Brian Jones discusses these questions and other timely topics that will help your institution prepare for the remainder of the year.
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