Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer.
Of course, this all means that holders of US dollars will continue to see their wealth deteriorate while holders of gold and other actual hard assets will continue to see their wealth rise.
Of course, this all means that holders of US dollars will continue to see their wealth deteriorate while holders of gold and other actual hard assets will continue to see their wealth rise.
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Oh wow! I was not aware of that. TIL.