Steph Korey Discusses Investment Trends For 2022
In today’s market, investing is necessary to help you reach your financial goals. With these goals in mind, investors are constantly looking for the best ways to make their money work harder. To make sure that we can meet these financial objectives and our individual goals, you must keep up with various trends in the market. Here, Steph Korey discusses investment trends for 2022.
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- Inflation May Become a Serious Concern
Inflation may become a severe concern for investors in the coming years. The Federal Reserve has already raised interest rates twice this year, and it’s expected to do so again in December. Since the central bank has increased rates twice, they’ll likely continue to do so throughout the year. In addition to raising interest rates, investors can also expect to see inflation become a factor. According to Steph Korey, consumer prices will increase by 1% this year, and by 2% next year. These increases are likely to be felt most acutely in healthcare and housing costs.
- Frustrating Supply Chain Challenges Will Continue
Supply chain challenges are a genuine threat to the financial health of companies in the coming years. This year, companies such as Walgreens and CVS have already felt many of these challenges. In addition to supply chain challenges, other factors can cause firms to falter in their business ventures. According to a study conducted by Steph Korey, 60% of manufacturers surveyed said they were experiencing problems due to an inability to find skilled labor for some of their products.
The above two trends are likely to become more and more of a factor for investors in the coming years. To help you make the most of these trends, you must have a plan for how you’re going to invest your money.
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