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Protectionist policies and reduced immigration under Trump could keep inflation elevated.But don’t fret: Higher inflation could actually be a boon for investors, according to BNY Wealth.Inflation can boost returns in equities and fixed income, the bank said.Voters tried to defeat inflation at the ballot box in November, but there are signs that rising prices could be due to stick around for a while — not least President Trump’s announcement on Friday of tariffs against Canada, Mexico, and China, which sent the S&P 500 falling 1.5% at market open on Monday.Inflation’s reputation as the bad guy might not be warranted, however, according to BNY Wealth. That is, if you’re an investor, at least. Instead of asking what can be done to lower inflation, investors get optimistic about what it can do for their portfolios.”Over the last year or so, it’s been hard to get it much below 2.5%,” Sinead Colton Grant, BNY Wealth’s chief investment officer, said at a recent roundtable event. “It’s not a bad thing for markets. Markets can do very, very well with infl …
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