While inflation has been easing over the past year, bringing it down to the Fed’s target rate remains challenging. Amid this volatile macroeconomic backdrop, best-performing bond ETFs Vanguard Total Bond Market Index Fund (BND) and VanEck Green Bond ETF (GRNB) could be ideal additions to your portfolio for stable returns.
In July, the consumer price index (CPI) increased 3.2% year-on-year. Prices rose 0.2% month-on-month, aligning with the Dow Jones prediction. However, the annual rate was somewhat lower than the 3.3% expectation while higher than in June, resulting in the first increase in more than a year. In addition, the core CPI maintained a 12-month rate of 4.7%.
