Knowledge is power, and that’s why we created ‘Money News You Can Use.’ I pick the five best articles I read each month and post them here so you can stay informed of the latest financial news and arm yourself with knowledge when preparing for retirement. I know most people don’t have time to sift through hundreds of articles to find the most relevant and helpful ones, which is why I do it for you!
Inflation has many effects and ripple effects on the economy. It increases costs for individuals and families, incentivizes an increase in interest rates by the Federal Reserve, puts pressure on businesses, and a lot more. All these effects may influence your financial situation and should be factored into a comprehensive financial plan. As inflation sticks around longer than the Fed thought, it’s important to understand the causes, effects, and factors of the state of inflation today.
– Happy Reading