BFK - Inflationado? Muni Investors Should Seek Cover
By Daryl Clements
US inflationary pressures are developing that could be destructive. Investors need to seek protection quickly. But how? For municipal investors, some inflation strategies fall short, leaving portfolios at risk.
To be sure, not everyone is convinced that inflation is a serious concern today. In fact, until a January data release showed accelerating wage growth, a good many investors believed that inflation was dead because it had been dormant for so long. But that data, followed on February 14 by faster-than-expected core inflation data, which excludes food and energy, began to turn investors'