@Mark I understand conservative investors like TIPS, but if the official CPI doesn’t match my living costs, can they actually protect me? In a world of high rates and rising prices, am I better off taking measured risks elsewhere?

Do Treasury Inflation-Protected Securities (TIPS) still offer meaningful and compelling advantages when real yields fluctuate and many other attractive inflation-hedging options, such as commodities or equities, exist? How should investors rationally assess their relevance today?