Retirees will learn the amount of the increase for 2023 in October, and the current estimate is that it will be 8.7%.
Tag: Consumer Price Index
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Inflation Report Dampens Biden’s Claims of Economic Progress
The president is trying once again to accentuate the positives in the recovery from recession, but stubbornly high prices are complicating the message.
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What Today’s Inflation Report Means for the Federal Reserve
Fed officials are waiting for an inflation slowdown, and economists have predicted that this could mark the start of a deceleration.
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Relief Eludes Many Renters as Fed Raises Interest Rates
As the central bank sharply increases borrowing costs, it could lock would-be home buyers into rentals and keep a hot market under pressure.