10 Monday AM Reads
My back-to-work morning reads: • What Years of Inflation Have Done to American Prices: Life has gotten a lot more expensive over the past few years. Across the economy, the cost of goods and services has soared. Consumer prices overall have risen more than 30 percent since the beginning of 2019. That’s two and a half… Read More The post 10 Monday AM Reads appeared first on The Big Picture .
American prices have been steadily rising over the past few years, with consumer prices increasing by more than 30 percent since the beginning of 2019. This is nearly two and a half times the growth rate from 2012 to 2019. For example, raw steak has gone from averaging about $6 a pound in 2012 to around $13 today.
The bond market has also been impacted by rising borrowing costs, with the 10-year Treasury yield nearing 5 percent. This poses a threat to the stock market and could slow economic growth.
Inflation remains a significant concern, with oil prices near $100 and inflation above target for five years or more. One potential solution to combat inflation is through Treasury Inflation-Protected Securities (TIPS), which can help protect against rising prices.
Written by urgent.news from The Big Picture's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
