July’s inflation data showed that overall prices were flat, while core inflation, excluding food and energy, rose 0.3%. Low unemployment threatens to keep inflation high, which could mean more rate hikes from the Fed could be coming. Many Americans are concerned a major recession is already well underway after months of high inflation, and rising interest rates. No one can really predict what’s ahead with so many factors at play, such as the strength of the dollar, the war in Ukraine. Experts agree you can protect your money from inflation by taking a hard look at your budget and looking at what you’re spending on your bills, and how much you spend on your money, how much it’s going on your budget. There are steps to take and . . .
Read more at time.com
