federal funds rate

Social Security’s cost of living adjustment (COLA) changes after the Fed cut rates again

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Social Security’s cost of living adjustment (COLA) changes after the Fed cut rates again

COLA 2026 was announced at 2.8% in October 2025. Fed projections suggest a potential COLA for 2027 in the range of 2.3% to 2.6% if CPI is slightly above PCE. Retirees who rely on interest income from CDs and savings accounts have seen their earnings drop after recent rate cuts. If you’re thinking about retiring … Read more

Will rates fall after the Fed meeting?

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Will rates fall after the Fed meeting?

Mortgage rates have risen since last week. According to Zillow data, the 30-year fixed mortgage rate rose 13 basis points to 6.10% and the 15-year fixed rate rose 14 basis points to 5.55%. The Federal Reserve will announce on Wednesday whether it will cut the federal funds rate for the third time this year. Many … Read more