While parts of the country bask in sweltering heat, inflation significantly cooled in June, raising hopes that the Federal Reserve might be able to curb rising interest rates and make that “soft landing” it wants to avert a recession.
Forecasters and meteorologists are sticking with their general hurricane prediction that the 2023-24 season will probably be a “normal” one, though damage is impossible to predict.
According to Pew Charitable Trusts, states collectively reported $749 billion in OPEB liabilities with only about $69 billion in assets to pay for them, possibly setting up a crisis situation.
Investors yearning for the day when long-term bonds again become attractive investment vehicles will have to wait a while longer. And it may hinge on whether the economy dips into recession.
Attorneys for Fireman’s Fund Insurance Company claimed a significant victory this month in a lawsuit filed by a California hotel chain claiming the COVID-19 virus physically transformed its insured properties that resulted in damages.