A few months ago, elevated price pressures seemed to be more of a market-related subject, but one could now say that inflation has gone mainstream. As more people begin to discuss inflation, Kevin Flanagan looks to answer a question on many people’s minds: what exactly does transitory inflation mean?

At today’s Federal Reserve (Fed) meeting, the Federal Open Market Committee (FOMC) announced its plan to begin tapering its balance sheet. Now that the Fed has succeeded on this part of its “forward guidance,” Kevin Flanagan focuses his attention on the next phase of the exit strategy: rate hikes.

The potential for rising rates has entered the conversation again, giving investors a second opportunity to deploy rate hedging strategies. Kevin Flanagan outlines a potential solution for investors seeking to prepare their portfolios in the event of a rising rate environment.