Vanguard Chief Economist Joe Davis sees inflation heading higher, but not too high. Given the moderate outlook for growth and inflation longer-term, the Fed is unlikely to begin raise rates aggressively.
Vanguard Chief Economist Joe Davis looks at the paradox of stagnating productivity and technological innovation.
The demographic changes occurring in the United States will not have a negative impact on future stock returns. The clearest path to financial success is still an investment strategy focused on discipline, diversification, and patience.