4 Hidden Impacts of the Current Stimulus
As we move into summer of 2020, COVID-19 concerns have been slowing and the economy is starting to open up. The markets had dropped significantly due to the fear of this unseen enemy and very quickly recovered most of the losses, primarily on the back of many government programs and optimism for the economy to kick back into gear. The government and the Fed have been there time and time again to back stop the market during this short period with stimulus, spending, and monetary policy. One can’t help but wonder: what impact will this have for our financial futures?
Part of how we help our clients is to dig into the economics of current events to explore what the future impact may mean to savers. As we explore potential risks in the future, we want to share four potential consequences of the current programs, so you can be prepared to navigate through these uncharted waters.