The Federal Reserve’s preferred inflation measure rose to its highest in roughly 30 years and Chair Jerome Powell sees inflation continuing into 2022. What assets may benefit from rising inflation? Historically, energy and consumer shares have risen in a high-inflation environment.
Major U.S. indices ended Q1 with gains, while the S&P 500 and Dow hit their fourth straight quarter of growth. In addition, the S&P 500 finished with a new intraday high yesterday after President Biden announced his new infrastructure plan.