Fixed Income

Weekly Update

An Overview of the Economy and Markets


Published May 28, 2021

This week we catch up with the folks at Schwab who provide a wide-ranging analysis on markets and the economy. Here is their latest work:

“As we move into the summer, the pace of economic growth remains robust, notwithstanding a weak April jobs report. Gross domestic product (GDP), although a lagging indicator, grew at an annualized quarter over quarter rate of 6.4% in the first quarter. That undercut economists’ consensus estimates slightly, but much of the drag was due to inventories—consumption was quite strong, growing at a 10.7% rate. (more…)