You Can’t Ignore Inflation Any Longer: Here’s How to Beat It

You Can’t Ignore Inflation Any Longer: Here’s How to Beat It

Inflation is getting harder to ignore. What monetary authorities have been dismissing for months as nothing more than the economic equivalent of a passing rain shower is starting to feel like a soaker. As recently as August, the head of the U.S. central bank, Jerome Powell, was saying, in effect, “Move along folks, nothing to see here.” Even late last month the Federal Reserve’s powerful rate-setting panel attributed inflation to “largely transitory factors,” predicting that it would soon “moderately” exceed its 2% target. But the duration and the degree of inflation say otherwise. So why is this really happening and why now? It’s high time to focus on why the value of your money is declining and what you can do about it.

Consider working with a financial advisor to help you make your investment portfolio as inflation-proof as possible.

What Inflation Looks Like Now