If you’ve been to a grocery store lately, the recent announcement from the Federal Reserve should not have been surprising: inflation seems to be sticky. While some progress has been made in reducing the inflation rate, prices remain elevated and are getting higher on many necessary goods and services. Though the inflation rate may not be as high as it was a year ago, remember that the inflation rate is the measure of price increases. For a 60-year-old retiree, a 4% inflation rate means prices will have doubled by age 78 (18 years). Sticky inflation leaves the Federal Reserve in a position of “wait and see.” For us consumers, this likely translates to higher interest rates for a longer perio
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