Storms were brewing here in Chicagoland and on Wall Street this week, and we're back to discuss it all on a new episode of Our 2 Cents!
From the Fed's rate hike decision, to the current Bear Market, we're covering all the major events that took place this week. Plus, we're sharing some local "quick hits" and answering listener questions. Join us now!
The Fed's Aiming for a "Soft Landing":
- The Fed raised interest rates again in hopes to cool inflation, what does this mean for investors?
- Are we going into a recession? If we do, what could happen to the market?
- We've officially entered Bear Market territory - we'll explain what that means.
Local Quick Hits:
- To infinity... and beyond! The new "Lightyear" movie premiered June 16.
- Caterpillar joins Boeing by making a major move.
- From an EF-0 tornado to a heatwave, Chicago weather continues to keep us on our toes.
Listener Questions:
- "I'm interviewing and comparing a couple of different financial advisors. What metrics are most important to compare them on?" - Randall
- "I am not going to spend through my savings during my life and I'm going to end up leaving a lot to my kids. They'll probably be in their 40's or 50's and I feel like they could use the money more now. Should I start gifting them money now versus leaving them a big chunk for later?" - Ruth
