The US economy is on strong footing, but not without its challenges
- The U.S. economy has had a bumpy recovery with higher-than expected inflation but is still on strong footing as we enter 2022, and further progress on the pandemic at home and abroad will continue to be a tailwind for the global economic recovery. – Dr. David Kelly, Chief Global Strategist, JP Morgan
- Inflation has remained high across most economies, driven both by a higher demand as pandemic restrictions were lifted and by lower supply resulting from global labor and input shortages. A return to 1970s-style stagflation… is not in the cards. Vanguard continues to anticipate economic growth and… demand for workers is high. – Vanguard
- U.S. economic growth should be solid, in the range of 2.5% to 3.0%, but hampered by emerging COVID variants, waning stimulus and inflationary headwinds – Daryl Spence, Economist, Capital Group/American Funds
As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments, and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, asset class, or investment strategy (including the investments and/or investment strategies recommended by the adviser), will be profitable or equal to past performance levels. Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified.