Even though the Inflation Reduction Act of 2022 is in effect, markets can have a way of determining whether the plan works or not. Not that it’s expected, but if the oil and natural gas markets become even more volatile than they are — with Russia and Europe at odds — it’s a concern if you’re thinking about the possibilities of higher prices.
U.S. Treasury Secretary Janet Yellen said on Sunday Americans could witness a rise in gas prices in the winter when the European Union significantly trims Russian oil purchases, reported CNN.
This article was originally published on July 25, 2022.
Robert Kiyosaki, the author of "Rich Dad, Poor Dad," is warning investors about the need to focus on the bond market, which is much larger than the stock market and seeing its "biggest crash since 1788."