Since last October, the cost of a dozen eggs has nearly doubled to $2.94, a pound of coffee has shot up $1.50, chicken breasts cost an additional $1 per pound, and a ½ gallon of ice cream is up 75 cents, according to the U.S. Bureau of Labor Statistics. Overall, the inflation rate is 8.3 percent year-over-year. You can begin to see why the American consumer is not in a good mood. We hope this will change soon, but once embedded in the economy, inflation can be difficult to reverse. We are following closely the Federal Reserve’s fight against inflation, especially long-term inflation expectations. In combination with fiscal policy, we hope to see inflation moderate soon.
Topics:
U.S. Deficit Lower for Now
Retirement Savings in a Volatile Market
Famous People Who Died Without Proper Planning
FAFSA Opens on October 1
