To keep investors informed about market shifts, the implications of policy changes and our long-term economic outlook, we have created a hub of timely and actionable insights.
US Policy Watch: Strong Fiscal Impulse, But No Inflation in Sight
The Biden administration’s policy path is primarily fiscal in nature with the US$1.9 trillion “American Rescue Plan” constituting the core of that plan. However, this coupled with a fiscal deficit of 15.8% of GDP in 2020 and a further deficit of 10% expected for 2021 has raised the specter of inflation. Yet, future inflation should be determined by the depth of the pandemic recession and upcoming fiscal plans, not the current ones.
You should obtain and read a Key Investor Information Document and Prospectus relating to the SSGA Cash funds prior to investing. Further information, including the annual and semi-annual reports and the Key Investor Information Document and Prospectus describing the characteristics, charges, expenses and risks involved in your investments are available for residents of countries where SSGA cash funds are authorized for sale, at www.ssga.com/cash and from your local SSGA office or by calling +44 (0)20 3395 2333.
Investing involves risk including the risk of loss of principal. It is possible to lose money by investing in the funds.
Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. Click the link to obtain a prospectus which contains this and other information, or by calling +44 (0)20 3395 2333, please read it carefully before investing.