The Fed Wants Inflation: Implications for Bonds, Stocks, and Gold
September 04, 2020 at 12:29 PM EDT
By Roman Chuyan, CFA The Fed has shifted to an average 2% inflation target, which has already increased inflation expectations and will likely turn real interest rates more negative. This has important implications for all major asset classes: bonds, equities, and gold. In my previous article, I...