3 Places to Hide if You Think Inflation Is Going to Continue to Roar

Inflation is moving in the right direction. The Personal Consumption Expenditures (PCE) Price Index, the U.S. Federal Reserve’s preferred measure of inflation, declined to 2.8% in January, its lowest level since February 2021. The inflation gauge is now within spitting distance of the central bank’s 2% annualized target. This has increased expectations that the Fed will begin lowering interest rates this summer. However, while the inflation data of late has been encouraging, there are some economists who wo ...