JEPI - Vaccinations And Stimulus Boost Consumer Sentiment In Early March

• The preliminary March results from the University of Michigan Surveys of Consumers show overall consumer sentiment rose in early March, hitting the highest level in a year.
• Ongoing distribution of vaccines as well as expectations for stimulus were the primary drivers.
• Continued easing of restrictions is boosting the economic outlook, though the cumulative damage done to the economy by the lockdowns is likely to be a headwind and suggests that it may be several more quarters until complete recovery to pre-lockdown conditions.

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