US inflation rose again in February, according to the latest data from the Bureau of Labor Statistics.*
The consumer price index, a broad measure of the costs of goods and services, rose 0.4% for the month and 3.2% from a year ago. The monthly gain was in line with expectations, but the annual rate was slightly ahead of the 3.1% consensus forecast. Excluding volatile food and energy prices, the headline CPI rose 0.4% for the month and was up 3.8% for the year. Both were higher than expected.
In an inflationary environment, it’s important to put your money to work while you are sleeping, some good conservative options are:
And here is where Utoppia Plus comes to offer you an easy solution:
Utoppia Plus offers an attractive solution with a Cash Management program with an annual rate of 5.43%*.
Let's put this into perspective: If you invest $1,000 in February 2024 , by February 2025, you'll have approximately $1,054.30.
That’s $54.30 extra USD that you’d have lost if you didn’t invest your USD.
Are you going to keep waiting?
Try Utoppia Plus for free and keep your money away from inflation.
*Estimated variable interest rate
Term of Service available at www.utoppia.com/utoppia-plus