As the economy continues to recover from the effects of the pandemic over the past year, you may have noticed the term ‘inflation’ coming up in the news. But don’t let it scare you! The fact is, some inflation is good because it means the economy is bouncing back.
“Bouncing back” is exactly what it sounds like; stock and bond prices may show some volatility in the short term, as the market and the economy adjust to find a new equilibrium. That’s why, like always, it’s best to stay focused on your long-term financial goals rather than worry over any short-term noise.
Still, it’s reasonable to be well-informed about inflation and how it could affect you living in your area, so if you’re interested in learning more, we’ve assembled a few trustworthy resources below that help put inflation in economic and historical context.
The Great Inflation: 1965-1982
Be confident that we’ll continue to monitor economic conditions and will continue to update our clients from Fortune 500 if there’s anything we need to change or address. Most importantly, don’t let today’s headlines distract you from tomorrow’s goals. If you have questions or concerns, feel free to reach out and speak with one of our retirement-focused advisors today!
This material was prepared by Broadridge Investor Communication Solutions, Inc., and does not necessarily represent the views of The Retirement Group or FSC Financial Corp. This information should not be construed as investment advice. Neither the named Representatives nor Broker/Dealer gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. The publisher is not engaged in rendering legal, accounting or other professional services. If other expert assistance is needed, the reader is advised to engage the services of a competent professional. Please consult your Financial Advisor for further information or call 800-900-5867.
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Tags: Interest rates, Inflation, Economy