Soaring inflation has made central banks rapidly raise interest rates, which has caused global stocks to tumble into a bear market for the first time in more than 30 years. In other news, recent jobs data shows that there are more than enough jobs for those unemployed. However, that’s bad news for the Fed.

Business Insider/Harry Robertson
Global bonds have tumbled into their first bear market in more than 30 years

Global bonds have tumbled into their first bear market in more than 30 years, as soaring inflation forces central banks to rapidly raise interest rates.

The Bloomberg Global Aggregate Total Return Index has now dropped just over 20% since hitting a peak at the start of January — the common definition of a bear market. That’s the biggest drop since the index began in 1990.

The index, which tracks the returns to global government and corporate bonds, has fallen back to levels last seen in 2015.

It’s a remarkable turnaround for the assets that underpin much of the global financial system. In recent years, investors have often hailed a multi-decade bear market in bonds, driven by years of falling inflation and interest rates.

You can keep reading, here.

CNN Business/Nicole Goodkind
Here’s how the Fed will read today’s jobs report

The US has a jobs problem: There are too many of them.

There are currently around two jobs available for every unemployed person, and as a result, employers have had to raise wages to attract suitable candidates.

That sounds like a good thing — and it is for Americans who are facing higher prices on everything from groceries to rent. But the Federal Reserve isn’t very happy about it. In order to fight inflation, it needs to cool the economy, and larger salaries do the opposite. Higher labor costs can also get passed on by companies to consumers, and that means higher prices.

Why it matters: This inflationary cycle — pay more and then charge more — is exactly what the Fed wants to squash. That’s why it will be paying particularly close attention to wage growth numbers in today’s jobs report. If they continue to accelerate, the central bank will have more reason to aggressively hike interest rates at its meeting later this month.

Continue reading, here.

SmartAsset via Yahoo Finance/Wola Odeniran
The 6 Things Georgetown Says Affects Your Retirement The Most

The AgingWell Hub at Georgetown University recently released a study that helps readers imagine how different retirement journeys might look. The idea is that there is “no normal” retirement and that each path will be different. The study lays out six themes that will impact individuals’ retirement journeys. Let’s discuss what aspiring retirees can take away from this report.

The Georgetown AgingWell Hub’s research and interviews helped identify the six main influences on the road to retirement. They are:

You can keep reading, here.

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