Economic growth is picking up as the vaccine rollout gains speed, commodity prices are heading higher, the government is proposing another large fiscal aid package, and the Federal Reserve is pledging to keep its very easy monetary policy intact for the foreseeable future. Not surprisingly, inflation expectations are rising, as illustrated in the chart below. Given these factors, how concerned should bond investors be about inflation? Here’s our take on the current situation, and what investors can consider doing now. There are many ways to measure inflation. The most widely used measure is the Consumer Price Index ... (full story)