On Thursday, we learned that core inflation hit a four-decade high of 6.6%.
Unlike the regular inflation reading, core inflation excludes volatile energy and food prices, so it is viewed as a better indication of how ingrained inflation is in the system.
The fact that this figure is continuing to rise demonstrates that inflation is now baked into the cake, meaning we could be living with inflation for years to come.
So, I sat down with Field Notes Managing Editor Ciaran Madden to discuss where we now stand with inflation, what the Federal Reserve will do next, and what we can do to protect and grow our wealth amid the new era of high inflation. Check out the video of our conversation below…
P.S. One of the best ways to prosper in this new era of high inflation is to move to a place where your costs are substantially lower but your quality of living is substantially higher. That’s what I’ve done by moving to Prague. If you’d like expert advice on how to do the same, then check out International Living’s Retire Overseas Bootcamp-on-Demand.
As a Bootcamp-on-Demand attendee, you’ll have a front-row seat—from the comfort of your home—for IL’s Retire Overseas Bootcamp conference in Atlanta. I’m just one of almost 50 experts on moving overseas who will offer their wisdom and insights at this event. Together, we’ll help you identify the best overseas destination for you and make your move as stress-free as possible. Sign up for our Retire Overseas Bootcamp-on-Demand right here with a discount until October 20.
Not signed up to Jeff’s Field Notes?
Sign up for FREE by entering your email in the box below and you’ll get his latest insights and analysis delivered direct to your inbox every day (you can unsubscribe at any time). Plus, when you sign up now, you’ll receive a FREE report and bonus video on how to get a second passport. Simply enter your email below to get started.
