Inflation picked up in January. Here's what it means for your money.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily.
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Stop Inflation in Its Tracks and Keep Your Money Safe at the Same Time
Inflation has been a constant for multiple decades. The Federal Reserve regularly prints new money, and the government regularly spends it, resulting in a continuous inflationary cycle.
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Trump Claims Fed Created 'Worst Inflation in History' by Focusing on 'DEI' and 'Fake Climate Change'
Trump blamed the Federal Reserve for the "worst Inflation in the History of our Country" accusing the central bank of prioritizing DEI & climate over economics.