As the chaotic tariff policy of the Trump administration continues to fuel inflationary fears, a survey by the University of Michigan, as quoted by Reuters, revealed that consumers expect inflation over the next 12 months to rise to 6.7% from 5% in March, the highest level since 1981.
For risk-averse investors, boosting exposure to defensive funds and keeping a long-term investment horizon can be a smart strategy in the current economic situation.
This post originally appeared at Zacks.