Summary
- With the post-pandemic US economy on the mend, a new threat has emerged: inflation.
- A confluence of pent-up consumer demand, record household savings, low inventories and global shortages has ignited the sharpest near-term price hikes in decades.
- Effective inflation-protection strategies should shield municipal portfolios from surges in actual inflation and outperform ordinary municipals if expectations rise further.
Seeking Alpha
Jun. 11, 2021