The US continues to open up, and mixed views on inflation persist…
- Remember that iconic photo signifying the end of World War II, with sailors kissing nurses in New York’s Times Square? Don’t expect quite that much exuberance this year, but Americans are throwing open their doors, getting out of the house and starting to party like it’s 1945. To be sure, COVID remains a global public health threat and continues to spread in many countries. But in the U.S., consumers are spending again, and the American economy is awakening from its artificially induced slumber. Read More… – Darrell Spence, Economist, Capital Group
- Inflation concerns appear to have moderated following May’s CPI report and the recent decline in commodity prices, but volatility could spike amid further data showing accelerating wage growth and/or unwieldy price appreciation. Read More… – Saira Malik, CIO, Head of Global Equities, Nuveen
- The Fed surprised markets by embracing higher inflation and heralding a lift-off from zero rates in 2023, rather than 2024. We think this could add to its new framework’s credibility as long as last week’s fall in inflation expectations does not persist. Ultimately, the Fed’s outlook implies a more muted response to rising inflation than in the past. Read More… – BlackRock Investment Institute
As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments, and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, asset class, or investment strategy (including the investments and/or investment strategies recommended by the adviser), will be profitable or equal to past performance levels. Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified.