The first quarter of this year, g d p in this country declined for the first time since the start of the pandemic. The fed is raising interest rates and intentionally slowing down the economy to curb inflation. Many experts are skeptical that inflation can be brought to heal, so to speak, without tipping the economy into a recession. Now is definitely a good time to take a look at your finances and sort of get on defensive footing, at least in the short term.

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