by Craig Rickman
Finimize
Without a doubt, US inflation is milder now than it was, say, a year ago. But it’s not quite as mild as the Federal Reserve (the Fed) would like it to be. In fact, in recent months it’s moved further from that mark, heating up instead of cooling. And, of course, that means the Fed – which jacked up interest rates in its battle against inflation – will likely keep those borrowing rates higher for longer.
The situation has reshaped the outlook for markets and that should send you a message: don’t just sit there. When there’s a shift in the economic climate, it’s time to check that you’re doing the right things – or perhaps more importantly, swerving anything harmful.