Right now, many Americans are worried about their financial health due to the impact COVID-19 has had on the country. Adding to these concerns were July's consumer prices— excluding food and energy—which rose at the highest rate in nearly 30 years. However, this jump may not be as scary as it looks on the surface.
Do you have concerns about your financial future? If so, please reach out to me to discuss.
Click here to make an phone appointment to see how I can help.
We’ll get a better idea about the trend on inflation when the Consumer Price Index for August 2020 is released on Friday, September 11. But here are some factors to keep in mind.1
The 2% rule
Inflation or Disinflation?
Despite recent headlines, many believe more data is needed before this can be called anything other than a data point. However, if you’re concerned about the trend in inflation, it's never a bad idea to reach out and speak with me to learn more about inflationary pressures or to chat about the upcoming CPI numbers due to be released in September.
Please click here to make an online phone appointment with me to discuss your best next steps.
1. Bureau of Labor Statistics, August 12, 2020
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.
Is Inflation On The Rise?
August 28, 2020