The Week in Review
This week saw the final day of the second quarter and the last day of the first half of 2021. There have been significant changes in the US economy since the year began.
About 60% of US adults have now received a COVID-19 vaccine, which has allowed businesses to reopen, the labor market to improve, and the economy as a whole to regain strength. However, concerns about vaccine rollout around the world and new variants of the virus have weighed on some stocks.
The first half of this year has also been marked by high inflation readings. For the most part, investors have shrugged off this data and continued to purchase stocks, hoping that the economy will recover from the pandemic and the Federal Reserve will keep its monetary policies in place, at least in the short term.
For more economic news and how it affects your money, visit the SoFi app.
This Week’s Top Stories
President Joe Biden announced last week that the White House has reached an infrastructure deal with a group of 10 senators from both sides of the aisle. The roughly $1 trillion package includes plans to improve the nation’s roads, bridges, and broadband infrastructure. Learn more here.
Beverage giant Anheuser-Busch (BUD) is using data analysis to manage uneven global demand in the wake of the pandemic. Learn more here.
With tight supply and low interest rates, the real estate market has been booming, driving prices to record levels. Analysts predict these trends may continue for some time. Learn more here.
Deep Dives from SoFi Learn
If your finances are under the weather, these seven strategies could help bring it back to full health. Check out 7 Tips for Improving Your Financial Health on SoFi Learn.
What is good debt vs. bad debt? Learn about the different types of debt and how they affect your overall financial situation.
Home additions can boost the value of a home while enhancing aesthetics and functionality. In fact, home additions and renovations can be among the most effective ways to increase your home’s value, and you can tailor the construction to your particular stage in life in a way that is customized to your needs and wants. Use this home improvement ROI calculator to see how much value a home improvement project can add to your home.
SoFi 2021 Mid-Year Outlook: The Calm After the Storm
What is the market forecast for the rest of 2021? There are a few factors that may give us an idea. SoFi’s Head of Investment Strategy is here with a quick breakdown. Read more.