Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
The U.S. House passed a $2 trillion stimulus package that will improve efforts to mitigate the virus and help pave a path to economic recovery.
If the IRS does not have your bank information, it could take several months to receive a check in the mail, though an exact timeline is not set.
"If everybody does go out and spend their checks, it certainly has a chance to boost the economy," said Tom Stringfellow, president and chief investment officer at Frost Investment Advisors. "That's adding money back into the economy. It's creating new jobs, bringing people back online to carry out those jobs. There is indeed a positive to it that does trickle through for a period of time. That trickle-down can provide one of the sparks to start the economy.”
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