February 16, 2025

One of the concerns arising from tariff talks is the possibility of stagflation, or the combination of rising inflation and an economic contraction. But should investors act on this concern with their investments? Since 1930, the US has seen 12 years when negative GDP growth coincided with positive changes in the Consumer Price Index (CPI).

One of the focal points following the presidential election is the potential for an increase in tariffs applied to goods produced outside the US. Many investors have wondered what this could mean for markets. One period offering perspective on this issue is President Trump’s first term in office. Beginning in 2017, the administration eyed China