By: Jeffrey A. Harrell, CFA

Inflation concerns are on the top of investors’ minds as government data suggests prices of many goods are increasing at rates not seen in years. The cause centers around the reopening of the economy and corresponding demand being created by life resuming as the COVID-19 pandemic subsides.

Although recent data is concerning, the Federal Reserve is downplaying the numbers, predicting the pickup is “transitory.” Others are not so convinced, suggesting the fiscal stimulus and monetary policy actions taken over the past year have sown the seeds of elevated inflation. Regardless of which scenario plays out, now’s a good time to review your investments to be sure you understand how...