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.
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.
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.
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.
ICYMI: Yesterday’s GO in the Know
Far more From GOBankingRates
This write-up originally appeared on
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.