Market Commentary: September 1, 2020

Erin O'Boyle2020-09-01T17:30:49-04:00September 1st, 2020|

At the Federal Reserve’s annual symposium in Jackson Hole, WY, Chairman Jerome Powell said the Fed will no longer target a specific inflation rate, but instead respond to average inflation over time. In this week’s HaverCast, John Donaldson, Vice President & Director of Fixed Income, joined Tim Hoyle, Chief Investment Officer, to discuss the ramifications of this shift in policy.

These comments are provided as a general market overview and should not be relied upon as a forecast, research or investment advice, and is not a recommendation, offer, or solicitation to buy or sell any securities or to adopt any investment strategy. Opinions expressed are as of the date noted and may change at any time. The information and opinions are derived from proprietary and non-proprietary sources deemed by Haverford to be reliable, but are not necessarily all-inclusive and are not guaranteed as to accuracy. Index returns are presented for informational purposes only. Indices are unmanaged, do not incur fees or expenses, and cannot be invested in directly.
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Market Commentary: September 1, 2020

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