The Monday Mix: Jan. 25 – Jan. 31, 2021

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Headlines discussed at LNWM’s Monday morning briefing:

The US economy shrank 3.5% for all of 2020 but is expected to expand by around 5% in 2021, after posting 4% annualized growth in 4th quarter 2020. 

The Federal Reserve said it will leave its key interest rate near zero and keep buying $120 billion in bonds each month, as it sees economic growth slowing. 

Signs of US inflation inching upward are starting to emerge, including in US wages, even as US consumer spending is slightly down due to pandemic. 

A key index for US factory activity fell slightly in Dec., but is still in strong expansion mode, while prices paid by factories rose to highest level since 2011.  

A single-shot Covid-19 vaccine by Johnson & Johnson (the 3rd one approved) is 66% effective overall but reduces severe versions by 85% while preventing death.

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