Co-Chief Investment Strategists Emily R. Roland, CIMA, and Matthew D. Miskin, CFA, discuss what the U.S. Federal Reserve’s (Fed’s) current outlook for inflation and growth mean for the maturity of the current economic cycle. After the recent rise in interest rates and a $1.9 trillion stimulus package, investors are looking for clues when the Fed might begin to tighten. However, at the March meeting, the Fed signaled it was willing to let inflation run over 2%, which pushed back expectations of a potential rate hike. The investment strategists explain what this could mean for both equity and fixed-income portfolios.
