Headlines: 18 June 2022
– The worth of a mean gallon of gasoline within the US dips beneath $5 for first time in every week.
– 30-year fixed-rate mortgage rates of interest hit 5.78%, the best stage since late 2008. When will house mortgage charges fall?
– Bitcoin worth falls beneath $20,000 for the primary time since 2020, registering a 32% fall within the final month – See the rise and fall of crypto
– Fed outlines causes for 0.75 proportion level hike for rates of interest – why have they elevated charges?
– Pandemic-era aid measure offering free meals for varsity college students involves an finish
– Fed Chair Powell: We’re “centered on returning inflation to our 2 % goal“
– Elon Musk faces $258bn lawsuits for alleged Dogecoin “pyramid scheme”
– Biden could take away sure commerce tariffs on China in a bid to reduces costs for shoppers
– Actual wages fell 0.6 % whereas inflation led to a mean worth enhance of one % throughout the market in Could
– ‘Shrinkflation‘ reduces product sizes for shoppers
Useful hyperlinks & Data
– Gasoline costs in US: which international locations have the costliest gasoline?
– When will President Biden decide over pupil mortgage forgiveness
– Do I’ve to pay taxes on Social Safety advantages? How a lot?
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