There are two primary savings account types that will help savers outpace today’s rising inflation rate. twomeows/Getty Images It may not have been unexpected, but it was still jarring to see. Inflation is now over 4% again, a Wednesday report revealed, and is currently sitting at its highest level since
There are two primary savings account types that will help savers outpace today’s rising inflation rate. twomeows/Getty Images It may not have been unexpected, but it was still jarring to see. Inflation is now over 4% again, a Wednesday report revealed, and is currently sitting at its highest level since April 2023. At 4.2%, the rate is more than two full percentage points above the Federal Reserve’s target 2% goal. That not only erases the possibility of an interest rate cut anytime soon, but it’s also now raising the prospect of an interest rate hike later this year, especially if this pattern continues in the second half of 2026. While millions of Americans were already feeling this impact when filling up their gas tank or grocery shopping, this latest report underscores the importance
