What does the new stimulus deal mean for the economy?

After months of failed negotiations, Congress has agreed on a new $900 billion relief deal to provide much needed financial lifelines for millions of Americans struggling with the economic fallout from the COVID pandemic. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

What does the new stimulus deal mean for the economy? After months of failed negotiations, Congress has agreed on a new $900 billion relief deal to provide much needed financial lifelines for millions of Americans struggling with the economic fallout from the COVID pandemic. The legislation will establish a temporary $300/week supplemental jobless benefit, $600 in direct payments to most Americans, and over $300 billion in assistance for small businesses, among a host of other measures. Read more on CNR.com Also in This Edition What did we learn from the recent inflation report? What changes did the Fed make to their economic outlook? What is the outlook for state sector credit quality? On the Radar is a biweekly publication providing quick and concise answers to the topical investment and economic questions that are on investors' minds. Investment management services provided by City National Bank through its wholly-owned subsidiary City National Rochdale, LLC, a registered investment advisor. City National Bank Member FDIC. Investment Products are: • not insured by the FDIC. • not a deposit or other obligation of, or guaranteed by, the bank. • subject to investment risks, including possible loss of the principal amount invested. Unsubscribe from On The Radar  |  Update preferences This message has been sent to bank@banking.offers.report. Please do not reply to this email. To ensure the delivery of future emails, please add email@emails.cnb.com to your email address book or safe sender list. Copyright © 2020 City National Bank – All Rights Reserved. 555 South Flower Street, 17th Floor, Los Angeles, CA 90071 City National Bank is a subsidiary of Royal Bank of Canada. Terms & Conditions  |  Privacy Statement City National Bank Member FDIC.