As U.S. Bond Yields Rise, Are Inflation Worries Justified?

He noted that the impact of December’s fiscal stimulus package on Americans was made readily apparent by a Feb. 26 report showing that U.S. household income increased by 10% during January. “These numbers cement the belief that the average U.S. consumer is generally in a good place, with healthy savings, relatively low debt burdens and a decent infusion of cash on the way. The American Rescue Plan, if approved, will likely unleash some pent-up demand for goods and services,” Ristuben stated, concluding that he thinks the Senate will probably pass the bill in early March.

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