Inflation Hits a 40-Year High. Here's Where to Invest Your Money Now.
Living in America is getting more expensive at an alarming rate.
The consumer price index, which measures the cost of a wide array of goods and services, surged 9.1% in June. It's the biggest year-over-year increase since 1981.
The Federal Reserve, desperate to prevent inflation from running rampant, hiked interest rates by three-quarters of a percentage point last month. The central bank has signaled that it will continue to raise borrowing costs until inflation is brought under control. The Fed's plan, however, could drive the economy into a recession by reducing business investment and denting consumer demand.
Source Fool.com
