When it comes to purchasing power, inflation means things are getting more expensive and your money is worth less. When a period of high inflation hits – like it is right now – you should consider changing the way you manage your finances to protect the value of your money.
“Inflation is a time for investors and savers to reassess their strategies,” said Walter Russell, CEO of financial consulting firm Russell and Company.
- The Fed’s balance sheet could reach $ 9 trillion by the end of 2022
- UK inflation risk has been downplayed by the Governor of the Bank of England, Andrew Bailey
- An increase in the default risk leads to an increase in the interest rate differential and a decrease in credit growth
- Bitcoin has risen the most since February after the weekend sell-off