The U.S. is facing a different kind of “full-employment” economy. The pandemic has changed the way business works, with important implications for investors into 2023. The chief global strategist for J.P. Morgan shares his views on what to expect. Are Americans overly concerned about inflation? Federal Reserve Chair Jerome Powell appeared before Congress yesterday to answer questions from legislators. You can lower your home insurance premium without losing coverage. As rates rise, Deborah Fowles offers 8 ways to make your insurance more affordable.
Top-Line Progress On The Road To Recovery — “The broad story on the U.S. economy remains one of very strong recovery. April data has reinforced our view that second quarter growth could be over 10%,” says Dr. David Kelly of J.P. Morgan. Investors should be aware it will be a different sort of economy, as he explains. Read more…
Fed’s Powell Says High Inflation Temporary, Will “Wane” — The Federal Reserve Chair testified to Congress yesterday. He responded to concerns from lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary. Read more…
How To Lower Your Homeowners Insurance Premium — Rates are expected to rise in coming years, but there are ways to lower your premium without losing coverage. Deborah Fowles discusses them for The Balance. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller