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Analysis of evolving market themes.

American Rescue Plan strengthens state and local finances

The American Rescue Plan Act provides billions in federal stimulus to states and local governments.

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Massachusetts budget taps rainy day fund, federal aid

The Governor of Massachusetts introduced a budget proposal that includes a withdrawal from the state’s rainy day fund and federal aid to balance the budget.

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Economic Update for April 12, 2021

Economy

  • The Markit U.S. Composite PMI Output Index rose to 59.7 in March from 59.5 in February.

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Temporary Mail Service Disruptions to Certain Countries Due to the COVID-19 Pandemic

Pursuant to the Security and Exchange Commission's Staff Statement Regarding Temporary International Mail Service Suspensions to Certain Jurisdictions Related to the COVID-19 Pandemic, Putnam Investments will be delaying mailings to affected shareholders. For a copy of the SEC's statement, click here.

As of December 18, 2020, the United States Postal Service is unable to deliver mail to the following countries or territories: Angola, Azerbaijan, Brunei, Central African Republic, Chad, Cuba, French Guinea, Guadeloupe, Laos, Liberia, Mauritius, Martinique, Myanmar, Panama, Republic of the Congo, Reunion (Bourbon), Saint Pierre and Miqueolon, Seychelles, Sierra Leone, South Sudan, Tajikistan, Timor-Leste, Turkmenistan, Turks and Caicos, and Yemen. For a current list in international mail service suspensions, click here.

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