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Between 2021 and today — just four short years — the dollar shed close to 16.5% of its value, making the costs of ignoring an inflation resurgence fairly hefty.
The consumer price index released on January 15 — an important indicator of inflation that measures the prices average Americans pay for goods and services — showed consumer prices rising 0.2% ...
According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2. ...
Inflation rates have dramatically fallen since they topped 9% in June 2022. The current annual inflation rate is 2.5%, the lowest it's been since February 2021. That's a significant drop; however,...
Inflation is cooling to 2.4%, and interest rates are shifting, too. Which means 2025's financial landscape is going to look different from the past few years. Given these conditions, here's what a...
The annual COLA, or cost-of-living adjustment, is likely to be 2.6%, less than the 2024 COLA of 3.2%, which bumped up the average monthly benefit by more than $50, and well below the 8.7% increase ...
High-yield savings rates for January 16, 2025. Today’s highest savings rates are at FDIC-insured digital banks and online accounts paying out rates of up to 4.75% APY with no minimums at ...
With inflation improving, the nonpartisan Senior Citizens League (TSCL) projects the Social Security COLA for 2025 at 2.5% as of September, revised from its higher prediction of 2.57% in August.