Inside the Economy: The U.S. Consumer and Interest Rates

This week on “Inside the Economy”, we discuss the recovery of consumer spending. Since the start of the pandemic, consumer spending is trending up and credit card balances are trending down. Will this continue in 2021 and what impact will it have on GDP? The Federal Reserve expects to keep rates low for at least 12-18 months. As the Fed continues to buy debt, what will that do to the yield curve and treasury markets? Tune in to find out more!

Key Takeaways:

• Oil prices are steadily increasing. 
• Fourth quarter GDP estimates are around 4%, we expect it to be revised higher. 
• 30-year mortgages are still under 3%.
• Unemployment steadily declines.