High inflation is here. We can all feel the pressure in day-to-day spending. The Personal Consumption Expenditure index tells us that prices are up 6.3% year over year — three times the Federal Reserve’s 2% average target.
The Fed is aggressively raising interest rates to curb inflation, increasing them by 0.75% in June. These rates may be hiked another 0.75% in July and possibly another 0.5% or 0.75% more in September.
These economic forces cause uncertainty for investors and borrowers. Fortunately,…
