By We’ve got two more months of inflation data to go. But right now, some estimate that Social Security benefits could see a 2.57% hike for the cost-of-living adjustment in 2025.Some retirees might be looking at an extra $47 or so a month beginning in 2025 — if they receive the average benefit of around…
By The Commerce Department at 8:30 a.m. ET Friday will release its personal consumption expenditures price index. For the July reading, the Dow Jones consensus sees little change in recent trends — 0.2% monthly increases in both headline and core prices, and respective gains of 2.5% and 2.7% annually. The report could influence the September…
By Donald Trump pledged to “bring back the American Dream” at the Republican National Convention in July. At last week’s Democratic National Convention, presidential nominee Kamala Harris saluted Americans “who work hard (and) chase their dreams.”But just how big do we need to dream now when it comes to our finances?USA TODAY has put the…
By At the recent central-bank symposium at Jackson Hole, Federal Reserve Chairman Jerome Powell delivered a widely expected message on interest rates: “The time has come for policy to adjust.” He all but confirmed that the Fed would cut rates by at least a quarter-point when its policymakers next meet in September.A modest cut makes…
By Last week was full of speeches. Most of those that attracted national attention were at the Democratic National Convention, culminating in Vice President Kamala Harris’ big moment on Thursday. But there was another important speech on Friday: Federal Reserve Chair Jerome Powell’s talk at the Fed’s annual shindig in Jackson Hole, Wyo. Yes, Powell’s…
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By $15 for a pound of coffee? Groceries have been particularly expensive lately with inflation helping drive up the cost of nutritional staples 25% since 2019. But there’s a root problem with the surge in grocery costs that’s attacking food right at the source. CBS Los Angeles meteorologist Marina Jurica explains what to know about…
By More From ForbesAug 24, 2024,10:00am EDTCato Conference Stresses Financial Privacy Is Under Fire”,”scope”:{“topStory”:{“index”:2,”title”:”Cato Conference Stresses Financial Privacy Is Under Fire”,”image”:”https://specials-images.forbesimg.com/imageserve/64c6b933f5962f7f8316a7fe/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 23, 2024″,”hourMinute”:”08:00″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1724414400000},”uri”:”https://www.forbes.com/sites/norbertmichel/2024/08/23/cato-conference-stresses-financial-privacy-is-under-fire/”}},”id”:”1ec9l9dbpbem00″},{“textContent”:”Aug 23, 2024,03:56am EDTTackling The World’s Biggest Killer Is Surprisingly Cheap”,”scope”:{“topStory”:{“index”:4,”title”:”Tackling The World’s Biggest Killer Is Surprisingly Cheap”,”image”:”https://specials-images.forbesimg.com/imageserve/66c74e32035b97d8e78a54da/290×0.jpg?cropX1=0&cropX2=2335&cropY1=19&cropY2=1332″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Aug 22, 2024″,”hourMinute”:”10:42″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1724337749790},”uri”:”https://www.forbes.com/sites/bjornlomborg/2024/08/22/tackling-the-worlds-biggest-killer-is-surprisingly-cheap/”}},”id”:”7b15ojp7m2q800″},{“textContent”:”Aug 22, 2024,06:00am EDTA ‘President Harris’ Trade Policy Likely Greener, Leaner, Not Meaner”,”scope”:{“topStory”:{“index”:6,”title”:”A ‘President…
By CatLane / Getty Images/iStockphotoWhile the inflation rate is only one measure of economic stability, it is often a good indicator of how well Americans feel their finances are doing. The Federal Reserve Board likes to keep inflation at around 2% to maximize stability, but economic factors — like pandemics, consumer spending habits and interest…
By Vice President Kamala Harris’ proposal to combat grocery inflation hasn’t elicited a range of opinions from economists, and many have turned to history to dispute her idea.Last week, the Democratic presidential nominee unveiled early details of her economic platform, which included a pledge to ban grocery price gouging. The plan has elicited a range…