Today police in Iran fought with money lenders and other protesters in front of the country's central bank. Inflation in Iran is running at a shocking clip: the Iranian Rial is down 25% against the dollar in just the past week.
The Federal Reserve wraps up its two day policy meeting today. It's expected to announce whether it will pump more stimulus money into the U.S. economy. Meanwhile, we just got inflation numbers for August. Wholesale prices increased 1.7 percent last month — the biggest jump in three years.
What's the best way to hedge against the risk of higher inflation rates? The timing is murky, but it's a prudent bet to anticipate a resurgence in inflation.
The Consumer Price Index is out this morning. With higher consumer prices comes rising inflation, but how big of a threat is that to the average American's way of life?
Consumer Prices are one place where the economy comes down to earth and hits us square in the wallet — and that's what happened in February according to the Consumer Price Index.