by Joshua Rodriguez
CBS News
As inflation continues to tick up in spite of a higher interest rates, it may be time to take a second look at your investments. Stocks tumbled Wednesday as updated inflation data dimmed the chances for rate cuts in 2024, demonstrating how rising inflation can threaten your investment assets.
But the truth is, inflation can threaten any savings you have. That is, unless you make moves to protect it.
The current inflation rate is 3.5% and not only will that make borrowing more expensive but it could affect the returns you get with your traditional investments. But, how do you protect your investment portfolio from rising inflation? One way to do so is by investing in assets that generally perform well during inflationary periods.