Globalization, demographics, technology have helped to keep inflation low
- Globalization, demographics, technology have been helping to keep a lid on inflation.
- Continued low inflation could be a headwind for the performance of Treasury Inflation-Protected Securities (TIPS).
- Low inflation helps to justify above-average valuations for stocks.
In the wake of the financial crisis, the Federal Reserve kept rates low, waiting for unemployment to fall and inflation to rise to the Central Bank’s long-term target. Several years ago, the unemployment rate passed the Fed’s target, but despite some [Click To Continue]