This Growth Stock Can Help You Crush Inflation
Over the past four months, the consumer price index (CPI), a measure of price changes for a basket of consumer goods and services, has been running above 5%. The longer inflation runs hot, the more concerns grow that higher prices may not be as temporary as originally thought. While Federal Reserve officials say inflation is transitory, the central bank's latest economic forecast indicates interest rates could rise as soon as next year, with more increases close behind.
This level of uncertainty can make it difficult to invest. Should you keep stocks that performed well during a period of lower interest rates or look toward stocks that will benefit if rates rise? Finding stocks that can perform in either environment can be tricky, but one stock I like that fits the bill is SVB Financial Group (NASDAQ: SIVB).
Image source: Getty Images.
Source Fool.com
