Consumers around the world are all too familiar with inflation by now.
With inflation expected to stay elevated throughout the year, the Federal Reserve is taking a more aggressive stance to tighten monetary policy by moving to increase interest rates and tame the sustained rise in prices. The Fed raised the interest rate for the fourth time this year in July, representing the largest streak of sudden rate hikes since the 1990s. And Powell’s remarks Aug. 26 from the Fed summit in Jackson Hole, Wyoming, indicated that a large rate hike is still on the table for its next policy meeting in September.
Investors should address inflation’s effects on their portfolios because if they don’t, it can erode their purchasing power and cut into their returns.
Here are some asset classes that can help with that…
This post originally appeared at U.S. News & World Report.