With price levels continuing to spike, the Fed is no longer using the word ‘transitory’ to describe inflation.
U.S. consumer prices jumped 8.5% in March from a year ago, marking the fastest increase since December 1981. That could give the Fed more reason to continue raising interest rates — something that’s already casting a giant shadow over the stock market.
It’s a vicious cycle criticized by many investing veterans. And Rich Dad, Poor Dad author Robert Kiyosaki is one of the…
Source link
