Replay: IVOL – Hope For The Best, Plan For The Worst
Thursday, June 1011:00 am - 12:00 pm EDT
How to think about interest rates and inflation in the post-pandemic world
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Inflation concerns are mounting. The US government has issued $5 trillion in pandemic-era stimulus, a figure which dwarfs other previous aid packages1. Simultaneously, with COVID-19 now potentially under control, the economy could experience a post-vaccine boom. As a result, inflation is currently running at its fastest pace since 20092. Still, the Federal Reserve noted in April’s FOMC meeting that they “generally expected measured inflation to ease” as supply chain bottlenecks diminish and the economy returns to full capacity3.
We believe this same "hope for the best" approach may not be a viable strategy for investors' portfolios.
Join Nancy Davis, CIO of Quadratic Capital, for a discussion on how to position portfolios for increasing inflation, interest rate uncertainty, and a different approach to fixed income in a post-pandemic world.
1 CFP & CIMA Credit available. Email your CFP or CIMA number to [email protected]
1. Ben Wick, “The $5 trillion in pandemic-era stimulus is more than triple Great Recession-era aid — and suggests a permanent shift in the way Congress spends”. Business Insider, 3/10/2021
2. MARTIN BACCARDAX, “Fed Minutes Show Patience on Inflation, Downside Economic Recovery Risk”. The Street, 5/19/2021
3. Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System charged with overseeing the nation's open market operations.