A financial shock could wreck retirees’ or pre-retirees’ finances: Here’s how to be ready

Bloomberg

Real Rates Flash Need for Greater Urgency From Powell and Fed

(Bloomberg) — The Federal Reserve’s latest dot plot pencils in seven rate increases this year, more than double the number the monetary authority in December envisaged would be needed to tame inflation. We have seen a procession of Fed speakers, including the more dovish members, concede that they need to get on with it sooner rather than later.Most Read from BloombergChina Plane Crash Update: Search Continues for Second Black BoxPutin Adviser Chubais Quits Over Ukraine War, Leaves RussiaNATO B