$S&P 500 Index (.SPX.US)$$Dow Jones Industrial Average (.DJI...

$S&P 500 Index(.SPX.US)$ $Dow Jones Industrial Average(.DJI.US)$ US inflation is at a 40-year high. The PCE price index rose 5.7% in November from a year earlier, well above the Fed's 2% target. Inflationary pressures are hard to ignore and mean you have more money but can't buy more things with it.
Personal wages and salaries rose 0.5% in November, but after accounting for factors such as inflation, total personal compensation fell 0.2% in November.