The August 2021 edition of Numera’s US Macro Monitor investigates the economic and financial market implications of the bi-partisan Infrastructure and Jobs Act (IIJA). We find that the IIJA could lift US GDP by around 0.5%, and improve the relative appeal of equities versus fixed income holdings.

Earlier this month, the US Senate approved the much awaited Infrastructure and Jobs Act (IIJA), which seeks to reverse two decades of underinvestment in public structures. In this month’s report, we explore the macroeconomic impact of the infrastructure bill, and its implications for US investment strategy:

Please note that Numera clients can download all the charts via our internal Macro website. If you would like a tour of the site, please contact Chris Cook at