Inflation: Headline‐worthy or Just a Headache?

Last quarter, we took a look at inflation and taxes as rising concerns, and why they may not derail the stock market recovery. Since then, tax hike fears have moderated a bit, but that is a topic still very much in flux. Conversely, inflation concerns have accelerated as we’ve seen year‐over‐year inflation hit 5.4% as measured by the Consumer Price Index (CPI‐U). While admittedly alarming, upon deeper inspection, it is more like a small dog, more bark than bite, so far.