U.S. rate of inflation hits a 31-year high. So we asked financial pros how to invest in periods of high inflation
For months, the Federal Reserve tempered concerns about higher inflation by saying it would be “transitory,” but in October, the consumer price index jumped 6.2% from a year prior, the most since December 1990. Billionaire hedge-fund manager Paul Tudor Jones has called inflation the “biggest threat” to markets. How you invest may help protect you from inflation: “Over the course of the last 100-plus years, and arguably since the beginnings of market investing, there’s been no better hedge against inflation than owning stocks,” says Matt Schwartz, a certified financial planner with Great Waters Financial.