Market Update – August 28, 2020

Inflation is a topic that is starting to get more attention on Wall Street. The Federal Reserve and Congress took strong measures to combat the rapid decrease in economic output caused by COVID-19. The Fed implemented many programs available to struggling businesses, while the government passed a massive stimulus package to help many individual Americans. This coordinated approach is expected to prop the economy during these difficult times and help speed the recovery. However, investors are now asking if these actions may have consequences down the line through higher inflation levels.