通胀TIPS

2018年2月, Jerome Powell was appointed as Chair of the Board of Governors of the Federal Reserve System. He became the 16th chair to take over the helm of the world’s most influential central bank. 其他职责, he and the Fed governors are tasked with adjusting short-term interest rates to help control inflation in an effort to promote overall economic growth.¹

直到2021年, inflation had remained relatively low, which had allowed the Fed to maintain an accommodative monetary policy. 最近, the Fed has been increasing short-term interest rates to combat high levels of inflation.

一些建议

不像传统U.S. 美国国债, the principal amount of Treasury Inflation-Protected Securities, 或“技巧,” is adjusted when there are changes in the Consumer Price Index (CPI), 哪一种方法衡量通货膨胀的变化. When the CPI increases, a TIPS’s principal increases. If the CPI falls, the principal is reduced.

The relationship between TIPS and the CPI can affect the amount of interest you are paid every six months as well as the amount you are paid when your TIPS matures.²

Remember, TIPS pay a fixed rate of interest. Since the fixed rate is applied to the adjusted principal, interest payments can vary from one period to the next. TIPS help eliminate inflation risk to your portfolio as the principal is adjusted semiannually for inflation based on the Consumer Price Index— while providing a real rate of return guaranteed by the U.S. 政府.

TIPS何时成熟, the bondholder will receive either the adjusted principal or the original principal, 取较大的.^2,3

If you are concerned about inflation – and expect short-term interest rates may increase – TIPS are an investment that may be worth considering. A close review of your overall strategy might also reveal other investment choices that may be appropriate in an environment of changing interest rates.

透视通货膨胀

For the 20-year period ended 2021, the Consumer Price Index averaged a 2.每年15%的通货膨胀率. In 2022, however, inflation was well above its long-term average.

来源:USInflationCalculator.com, 2022

1. TheBalance.2022年8月30日
2. The interest income from a Treasury Inflation-Protected Security (TIPS) is exempt from state and local taxes. However, according to current tax law, it is subjected to federal income tax. Adjustments in principal are taxed as interest in the year the adjustment occurs even though the principal adjustment is not received by the bondholder until maturity. Individuals should consider their ability to pay the current taxes before investing.
3. Investopedia.网站，2022年2月17日

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