The year-over-year U.S. inflation rate came in today at nearly 5%, the fastest pace of higher prices since 2008.
Some context is necessary around this number.
A year ago the economy was still slowly waking up from its pandemic slumber. Things like used cars and airfares make up a decent amount of this jump in prices. Inflation readings will likely be lower in the coming months because of this.
The bond market still doesn&…

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Author Of this post: Ben Carlson
Title Of post: How to Hedge Against Inflation
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