Hot Inflation Keeps the Fed on the Monetary Brakes

RELATED CONTENT

Americans Suffer Pay Cut as Inflation Outpaces Wage Growth

Social Security recipients will get a 8.7% COLA this January, but those still in the work force will not. Inflation has now been outpacing nominal wage growth for 18 months straight, meaning that Americans can afford less than they could a year ago, even with increased wages.

4 Ways to Help Clients Keep the Faith in This Bear Market

While a bear market can run down everyone’s spirits, calmly addressing these four areas that may be worrying your clients can help them stay the course—and remember they have an advisor in their corner and a financial plan that accounts for tough times.

Inflation Remains Stubbornly High

ChartTalk: Despite the Fed’s historically aggressive rate hikes and another 5% drop in gasoline prices, inflation remained stubbornly high in September, as prices rose 0.4% compared to August and 8.2% compared to September 2021.