The Federal Reserve announced a significant change in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed’s 2% target level.
Having done the virtual equivalent of printing a few trillion $s to paper over the pandemic policy induced recession, apparently this will be paid off via inflation.
Inflation causes the devaluation of the currency you hold – and in effect, taxes everyone that is holding cash.
This means that today’s debts will be paid off with future cheaper dollars. Inflation is good for those who have debts such as the U.S. government and bad for those holding cash.
During inflation (reducing the value of dollars), holding real assets is preferable to holding cash. Because the value of those assets will rise proportional to the devaluation of the currency, all else being equal.