Coming out of the pandemic, the U.S. economy is primed to ‘roar’, with GDP growth expected to be near +7% year over year in 2021, although moderating afterwards. Consumers have confidence and cash, having padded their wallets and purses after experiencing reduced outlets for spending during the several waves of lockdowns over the past year plus.
Interest rates will be stepping up a little faster than the Federal Reserve first intended. How quickly will be dependent on the performance of inflation. World trade will soon be accelerating, and a new round of commodity price increases appears imminent. Oil is back above $70 USD per barrel.
