The purchasing power of the U.S. dollar remains high after dipping in January. This was due to inflation partially erasing gains from a recovering economy, although things improved in February.
Confidence in the market remains high, even as crises arise seemingly every week. Fortunately, COVID has made many businesses flexible and hardy.
Inflation at around 2% is a sign of a healthy economy, but the uptick we’ve seen over the last few months has set off alarm bells at the Federal Reserve. Even so, fears of hyperinflation remain unfounded. Government policy remains robust and the political will to control inflation is strong.