After spiking to 40 year highs in 2021 and 2022 because of the pandemic, inflation had been settling down a bit the last few years.
Unfortunately, as a result of the Iran war and its impact on the price of oil (which is integrated into practically everything we buy), inflation has begun rearing its ugly head again.
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As a result, the Fed is unlikely to be lowering rates anytime soon.
If anything, they’re holding pat or going up slightly.
Higher rates are bad if you’re a borrower, but they’re great if you’re a saver.
With the latest inflation rates, we can now calculate what we think Series I bond rates will be when they reset in November.
First, if you’re wondering how Series I bonds work, we explain it all after the rate calculation.



