September – October 2021

U.S. Economic and Market Highlights

The Economy

  • The International Monetary Fund (IMF) lowered its 2021 global GDP growth forecast to 5.9 percent and kept its 2022 forecast unchanged at 4.9 percent.
  • U.S. Consumer sentiment was slightly lower amid elevated inflation and a late summer resurgence in COVID-19 cases. However, consumer balance sheets remain quite healthy.
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