Economy

‘A pittance’: Social Security benefits will rise 3.6% in 2027, about $75 a month for the average retiree, but some say it’s not enough

The Social Security Administration projected that the annual cost-of-living adjustment for seniors and disabled individuals will increase by 3.6% starting in January 2027, translating...

3 things that are driving inflation higher

Inflation remains elevated and weighs on household purchasing power. Multiple factors are contributing to rising consumer prices. Gas stations illustrate the daily difficulty consumers...

Rising bond yields and higher inflation leave the Fed trapped in a rate-hike dilemma

U.S. bond yields surged on Wednesday following the release of a hot consumer-price index report. This inflation spike puts the Federal Reserve in a...

Rising diesel prices have helped fuel inflation — and we’re about to see how much worse it could get

August producer price index data showed diesel prices jumped 24% month over month and 77% year over year. Matt Miskin, co-chief investment strategist at...

Treasury says largest U.S. banks let politics influence who received banking services

The Office of the Comptroller of the Currency within the U.S. Treasury Department released a comprehensive report revealing that the nine largest national banks...

Inflation runs hotter than expected at 3.7% in September, the last CPI report before the midterms

US inflation reached 3.7 % in September, exceeding analysts' expectations. This was the last Consumer Price Index (CPI) report released before the midterm elections....

Here’s the inflation breakdown for September 2026 — in one chart

The consumer price index jumped to 3.7% in September from 3.4% in August, while core inflation rose to 2.6%, according to the Bureau of...

Social Security’s COLA will be 3.6% in 2027 as inflation persists

The Social Security Administration has announced a 3.6% cost-of-living adjustment for 2027. This increase affects approximately 68 million beneficiaries. It aims to help them...