Where are we headed?

Source: Wells Fargo Investment Institute, as of September 30, 2021. Subject to change. GDP = gross domestic product. Fed = Federal Reserve

Key Takeaways

  • The U.S. economy is being propelled to its strongest growth since the mid-1980s by successful vaccine deployment, ample household and corporate cash, and massive government support.
  • Monetary and fiscal stimulus is set to continue while the economic recovery is strong. One risk to the policy outlook is supply chain disruptions boosting inflation and interest rates.
  • The job market should continue improving due to strong growth and an easing of labor shortages.