The drop in the unemployment rate, moderate salary growth, and the increase in the federal funds rate have become the key markers of the economy’s continued recovery. While these are positive indicators, a strengthening economy can also trigger a rise in prices, resulting in higher inflation. Since July 2016, CNBC states inflation in the United States has climbed steadily after hitting 0.8%. As energy prices rebound after a massive drop for much of 2016, the inflation rate is likely to remain close to its current levels in the coming months. Rising inflation can prove problematic for investors as investment returns are unable to keep pace with rising prices. More so for retirees, who … [Read more...]