The FOMC meets this week with rising inflation risks being the issue addressed.

The FOMC meets this week with issues beginning to affect future decisions about monetary policy. The economy is rebounding much sooner and faster than expected as recently as two months ago. The economic data in the last two months reflects strong growth in manufacturing, consumer final demand, and capital spending. The fifth stimulus package passed last week will create a surge in government spending. The demand side of the economy will be strong in the first quarter and will surge even more in the second quarter with more sectors fully opening, but the supply side is still limited by supply chain issues.