The December Consumer Price Index (#CPI) data was just released and it shows a 7% annual inflation rate. That’s the highest #inflation in 40 years.
Households are starting 2022 from a precarious position. Their excess savings from the #stimulus programs are gone. The cost of living is skyrocketing. And interest rates are heading up — which may trigger a market correction and possibly also a recession.
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DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar". Opinions expressed in this video should not be relied on for making investment decisions, tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education and entertainment.