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GO in the Know: Bear Market Tips, Bracing for Fed Rate Hike & Top Financial News for June 14

by Mollie G. Tenorio on June 17, 2022 in Finance News

It’s Flag Working day every person, and also happens to be National Bourbon Day. Just before you celebrate 1 or the two of them, consider a second to catch up on today’s prime economic tales. Cheers.

The Big Direct: How To Navigate Your Portfolio in a Bear Market place

The bear sector has formally arrived, and the key problem now is how to offer with it to secure yourself monetarily. 4 investing experts weigh in.

Go through the total story listed here

Economic climate Highlight: Doable ‘Volcker Moment’ Coming

The Fed’s Federal Open Market Committee is meeting now and June 15, and buyers are bracing themselves for a most likely more quickly and steeper amount hike, as inflation details was worse than expected — hitting 8.6% in Could.

Read the comprehensive tale here

That is About: Rent Charges Carry on To Increase

Buyer Cost Index (CPI) data confirmed that a critical critical, shelter, elevated in cost by 5.5% in excess of the previous calendar year, the premier 12-month boost for that category because the interval ending Feb. 1991. According to gurus, rent increases are not probably to gradual down soon possibly.

Examine the comprehensive story right here

Reward: IRS Expands Deduction for Gas Expenditures

You’d want a Hubble Place Telescope to spot the silver lining in today’s gasoline prices — they pushed earlier mentioned $5 a gallon this 7 days for the first time at any time — but the IRS did provide at minimum 1 small little bit of great news just lately: You can now increase your tax create-off for gasoline prices.

Read through the entire story in this article

ICYMI: Yesterday’s GO in the Know

Far more From GOBankingRates

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GOBankingRates.com:
GO in the Know: Bear Market place Guidelines, Bracing for Fed Rate Hike & Prime Financial News for June 14

The views and thoughts expressed herein are the sights and opinions of the writer and do not always replicate people of Nasdaq, Inc.

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