7.12.22 Is There Any Value Left in TIPS?
The consumer price index (CPI) is scheduled to be released on Wednesday and it is widely expected that the headline inflation number will again resemble consumer price increases last seen in the early ‘80s. Currently, consensus expectations are for headline inflation numbers, which include food and energy prices, to increase by 8.8% year-over-year (YoY) and by 5.7% YoY excluding food and energy. So with inflation pressures continuing to run hotter than many investors have experienced in quite some time, are Treasury Inflation-Protected Securities (TIPS) an appropriate inflation hedge within a diversified asset allocation?
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