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Congress is like a kid with a box of dynamite when it comes to paying off the government s debt, JPMorgan says
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Market Snapshot: ‘Jammed and distorted’: investors are wrestling with inflation that may test the Fed’s framework
Investors are facing volatile markets as inflationary pressures build. ‘A surge in prices could put the Fed’s new average inflation-targeting framework to the test,’ says JPMorgan’s David Kelly.
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REUTERS/Eduardo Munoz
The US economy is headed for a rebound, but it ll make things more expensive for Americans.
Experts say the economy won t overheat, but more demand for things like homes and gas will mean higher prices.
This is good; inflation like this is a sign of a return to normal and a healthy economic recovery.
Experts are growing increasingly hopeful the US economy will rebound in 2021, but there s a price to pay for that. The price of most things, actually.
A vaccine rollout, a $1.9 trillion stimulus package, and the lift in spending from December s smaller stimulus paint a promising picture of a roaring, reopened America with lively restaurants, indoor dancing, and crowded stadiums. The economy is set for stellar growth as the pandemic subsides, a Bank of America note stated Monday, while boosting its 2021 GDP growth estimate to 6.5% from 6%.
Everything is about to get more expensive. It s a crucial next step for the US economic recovery. hhoffower@businessinsider.com (Hillary Hoffower,Ben Winck) © REUTERS/Eduardo Munoz Some things are about to get way more expensive for Americans. REUTERS/Eduardo Munoz
The US economy is headed for a rebound, but it ll make things more expensive for Americans.
Experts say the economy won t overheat, but more demand for things like homes and gas will mean higher prices.
This is good; inflation like this is a sign of a return to normal and a healthy economic recovery.
Experts are growing increasingly hopeful the US economy will rebound in 2021, but there s a price to pay for that. The price of most things, actually.
US stocks gained on Tuesday after two straight days of losses last week as investors await a flood of earnings reports in the week ahead.
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Yellen also said that there won t be any tax hikes or repeals of the 2017 tax reform provisions while the US is coming out of the pandemic in 2021, but any plans for tax changes could still jolt
markets. Yellen said that the details of tax changes may be featured in this year s infrastructure bill, which she is going to help draft. This could be setting up an ebullient market for a bit of a bull correction. Investors are more likely to get jolted when seeing details of the tax hikes, just as they got giddy in 2017 when the corporate tax cuts were announced, said Max Gokhman, Head of Asset Allocation at Pacific Life Fund Advisors.Netflix is set to report fourth-quarter earnings after the market closes on Tuesday. Here s what four analysts expect when the streaming giant reports earnings and how they expect the stock to move. Yo
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