The new inflation figure was down sharply from a 4% annual rate in May, though still above the Fed’s 2% target rate.
    • protist@lemmy.worldEnglish
      11·
      1 year ago

      You can open a high yield savings account right now at over 4% APY, or a 12-24 month CD at over 5%. My point is your savings should not be losing value

      • BoB@feddit.deEnglish
        22·
        1 year ago

        In reality, inflation is much higher than the yield offered by deposits.

        The real problem is that if (corrupt) humans are allowed the ability to print currency at zero cost, the result will always be the destruction of value. You can’t conserve value, it always incites consumption…

        https://wtfhappenedin1971.com

        • protist@lemmy.worldEnglish
          3·
          1 year ago

          No offense, but that website is really dumb. There are lots of arguments to be had surrounding the gold standard, and that site fails at all of them