As the Federal Open Market Committee prepares to announce its decision on whether it will raise, hold, or lower interest rates, oil prices are rising once again on uncertainty about the war with Iran.
Early trading in New York has WTI Crude oil priced at $84.49/barrel after closing at $80.90/ barrel the night before.
Continued oil price fluctuations will make decisions about interest rates more difficult as Federal Reserve Chairman Kevin Warsh looks to slay inflation.
Action Line: Inflation can meaningfully impact retirement if you’re not prepared properly for it. When you want to talk about inflation and your retirement, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.
