With prices surging, consumers are feeling pain at the pump and the grocery store. Many consumers know that the Federal Reserve often increases interest rates to combat high prices, but few people understand how interest rates affect inflation. When the Federal Reserve increases interest rates, this makes it more expensive
The economy may seem like an enigma when you first begin looking at it. It seems to fluctuate with no rhyme or reason, and there is a whole host of information that is out there that seems entirely useless because you don’t know how to use it. With some extra
With the Consumer Price Index showing an increase by 8.5% over twelve months, consumers are looking to absorb the shock to their wallets. Rising prices however are not the only factor. Inflation can have a considerable impact on your financial situation. The best way to prepare for inflation is to
This year inflation has reached a nearly forty year high and the consequences are having a substantial impact on the economy, but who does inflation affect? Overwhelmingly, inflation is negatively affecting those of lower economic status, those with savings, and workers on fixed incomes. While having a few positive effects
Most of us may know that inflation has something to do with economics and money. We may even know how inflation is defined: rising prices throughout the economy. However, you may still be left wondering what causes inflation? Inflation is caused by several factors, but is mainly triggered by increased
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