Car insurance is expensive—an annoyingly obvious fact for many drivers—but it is also a hidden cause of inflation, with higher insurance prices making up nearly three-fourths of a key inflation metric.
That could turn out to be good news for the stock market as long as Fed Chairman Jerome Powell listens to the data.
David Kelly, chief global strategist at J.P. Morgan Wealth Management, did some inflation-related math and found a whopping 70% of the increase in core…
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