Investment Updates
Good News On Inflation Boosts Stocks For Third Straight Week
Published Friday, November 17, 2023 at: 9:32 PM EST
The post-pandemic inflation era appears to ending. While it was scary and threatened to wreck the economy, evidence of its passing is strong, and it is likely to be little more than a blip in American economic history.
The Federal stimulus legislation of 2020 and 2021 that followed the partial shutdown of the economy and oil price spike of 2022 were met with the most aggressive monetary policy in modern times. It worked. The inflation scare of the early 2020s has been a lot less destructive than the major inflation spike of the 1970s and 1980s.
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