outlook 4631

Economic Outlook March 19th, 2021

Mar 19, 2021  | Ep4631

Weather is a frequent topic in our lives, especially this time of year.

Last month’s cold snap also slowed retail sales according to the Commerce Department. The rate dropped three percent in February.

The weather was one ingredient in the 10.3 percent drop in housing starts. Also in the equation are higher lumber prices and supply chain challenges.

The Federal Reserve foresees the economy accelerating quickly this year and plans to keep interest rates near zero through 2023.

The Rural Mainstreet Index has set a new record high since its launch in 2006. Nearly 70 percent of bankers surveyed reported an expanding local economy.  --

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