Uncertainty is on the rise as a blizzard of fiscal policy changes defy easy analysis from Wall Street to Main Street and in the nation’s capital as well. The expectation is for economic activity to be enhanced in the long run, but at what price in the short run. Consensus expectations still indicate no recession in the period ahead, but an increasing number of economic indicators point to a slowdown in activity. The Federal Reserve has held its policy rate steady as it weighs both growth and inflation measures. The U.S. stock market reached another new high in February but valuations clearly were stretched. As markets fare less well amidst rising uncertainty, this is a time to provide some perspective for investing ahead.
Uncertainty
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