On this episode of WashingtonWise Investor, Kathy Jones, Schwab’s chief fixed income strategist, joins Mike Townsend to decipher the economy’s mixed signals. While the S&P is up around 17% for the year, many investors can’t help being concerned about slow job growth, the quick rise of inflation, and what repercussions the surge of the Delta variant may have. Kathy and Mike discuss what investors should be watching for.
Mike also looks into the daunting task before Congress as lawmakers struggle to finalize an infrastructure bill and lay the groundwork for another economic package that could include tax increases. And he assesses the potential for the U.S. to default on its debts if the debt ceiling isn’t raised, all while a government shutdown is looming if funding for federal agencies is not approved by October 1.
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