The Federal Reserve on Wednesday hiked interest rates by the most since 1994 in an effort to tamp down inflation that’s hitting Americans on every front.
The average price at the gas pump is now over $5 a gallon, airline fares were up 12.6% from April to May, and the food index rose 10.1% year-over-year in May. Unfortunately, personal finance guru Suze Orman, co-founder of SecureSave and host of the “Women & Money” podcast, has more bad news.
Inflation is “here to stay for quite a while,”…
Source link
