CIO Newsletter
JUNE 2021
Transitory
With all due respect to the good folks at Merriam-Webster, we at Nottingham feel that it is the US Federal Reserve chair’s definition of the word transitory that carries the most weight these days. Barely a reference to inflation goes by without some Fed official using the term transitory in the next breath. A LOT is riding on the Fed’s definition of the adjective, namely the future length of this bull market, which has benefitted both bond and stock investors.
