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Insight Investment briefs Juneau finance committee: economy steady, tariffs a wildcard for inflation and returns
Summary
David Whitmohan, a partner with Insight Investment, told the Assembly Finance Committee on March 5 that the U.S. economy is running above trend, inflation is moderating toward the Fed’s 2% goal (core PCE), and U.S. tariff moves are the principal near‑term uncertainty for markets.
David Whitmohan, a partner with Insight Investment (the public‑sector arm of Bank of New York Mellon), told the Assembly Finance Committee on March 5 that the U.S. economy has been stronger than many forecasters expected, inflation is trending down toward the Federal Reserve’s 2% target (core PCE), and recent tariff actions are the principal wildcard that could slow growth and lift inflation in the near term.
"The U.S. economy is doing well," Whitmohan said in a slide presentation that summarized macro trends and their implications for municipal portfolios.
Why it matters: The city’s investment advisor briefed the committee so members could understand near‑term market risks and the rationale for the portfolio manager’s positioning choices…
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