The consumer price index, personal consumption expenditures, and producer price index point to cooling inflation, but no one can say for certain what the economy will do next. High inflation rates have a devastating effect on economies and the people within them, so a slower rate of inflation over the next few months and years could make everyone breathe a little easier. However, with so many factors up in the air — the U.S. presidential election and ongoing geopolitical conflicts, among others — you might not want to make any drastic moves with your personal finances. If inflation rates slow down and the economy returns to a more normal healthy state, you should adjust your financial … [Read more...]