The Week Ahead

• China Industrial Production (Feb)
• S Retail Sales (Feb)
• FOMC Meeting

Thought Of The Week

Stimulus Bill Passed, Inflationary Pressure Eased

After two months since his American Rescue Plan was first unveiled, President Joe Biden finally managed to sign the $1.9 trillion pandemic-relief bill into law, marking his first major legislative achievement and allowing aid to flow to households, businesses, state and local governments. The new bill includes $1,400 direct payments to most Americans which will be disbursed within days and an extension of $300 per week supplemental unemployment benefits into September. Unlike the previous stimulus checks which bore former President Donald Trump’s name in the memo line, Biden does not believe that it is a “necessary step” since it is “about the American people getting relief” and hopes to expedite the payments process. The fiscal package will allow Biden to turbocharge America’s economic recovery which will help to create...