Economic Update 03-01-2021

• Economic data for the week included little change in 4th quarter GDP, while improvements were seen in personal income, durable goods orders, consumer confidence, and various housing sales metrics.
• Global equity markets fell, as rising interest rates, fears of inflation, and general profit-taking appeared to dominate sentiment. Bonds also lost ground, being affected by rising rates even more directly. Commodities gained on the heels of stronger crude oil prices.

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LSA Connect, March 1, 2021