The Federal Reserve has committed to a policy of fiscal tightening by raising interest rates. According to Fed Chairman Powell “we still have some ways to go…we will stay the course [keep raising rates] until the job is done.” This leaves the economy on a knife edge. Raise rates too much, too fast and we fall into recession. Too little and prices continue to rise and eat up savings.
The combination of rising interest rates, persistent inflation, and rising home-prices means the start of a transitional period and lower competition in the housing market, predict economists including Lawrence Yun, chief economist at the National Association of Realtors. Don’t expect it to become an outright buyer’s market anytime soon, however.
Insurance is no stranger to AI. It helps carriers and agents reduce the time to deliver quotes, expedites underwriting and claims processing, detects fraud―and lots more to help agencies compete faster and more effectively
The world of work has changed during the pandemic, and will probably remain so forever. Although some are returning to the office, the last year ushered in and accelerated new models of interaction that have changed the way we work for good.