Inflation

Back in December 2023, Wall Street was hoping for rate cuts early and often. But as of May 2024, "higher for longer" seems to be the new policy — at least for now.

The Fed has said it wants to see strong signs of falling inflation before it starts cutting interest rates. Wednesday's data was anything but that.

The "magic number" Americans think they'll need for a comfortable retirement went way up this year — but their actual savings went down.

The central bank is holding fast to its plan for three rate cuts, even as inflation remains stubborn. But is a soft landing still likely?

The U.S. economy gained 275,000 jobs in February. That sounds like good news — but will it spook the Fed out of cutting interest rates?

New York Fed chief John Williams says the pace of rate cuts will depend on economic data, not the calendar.

The year-on-year change in the consumer price index, a key measure of inflation, declined last month. So why did stocks nose-dive?

Social Security is getting a 3.2% boost this month — but retirees' expenses have risen by more than triple that rate since last year.

Three financial giants have published reports on what they expect in 2024 — and they're surprisingly optimistic. Here's what they see coming.

The Fed's announcements sent a wave of optimism through the markets. How should financial advisors handle the excitement?

For many seniors, Medicare Part D premiums will rise by 42% to 57% next year, new research shows. And experts say the reason is a law that was meant to reduce health care costs.

The rapidly rising cost of medicine is leaving inflation in the dust, new research shows. Here's how advisors can help retirees cope.

It may not happen anytime soon, but someday the Fed will reverse course. How should investors adapt?

The Senior Citizens League anticipates a 3.2% boost to Social Security in 2024. But will it be enough?

The median U.S. income dropped by 2.3% last year, according to a new report from the Census Bureau.

With a recession deferred but still looming, investors who exit equities now may later regret playing it too safe.

For decades, Americans have been retiring later and later in life. Now 20% of the population is giving up on the idea altogether.

Gen X Americans stand to inherit $29.6 trillion by 2045. Only 12% think they'll see the money.