June’s CPI Report Just Changed The Rate Debate: Here's What Investors Should Watch
benzinga_article·- The June CPI report revealed an annual rate of 3.5%, providing insights into the Federal Reserve's policy outlook ahead of Chairman Kevin Warsh's congressional testimony. - This report indicated a significant easing of inflation, with core CPI remaining flat, eliminating hawkish expectations from the Fed. - As investors anticipate potential rate cuts, this may impact market positioning, suggesting a shift towards bonds and smaller growth stocks as inflation pressures continue to ease.Social Security COLA for 2027 expected to jump as inflation rises, estimate shows
Thehill·- According to early predictions from The Senior Citizens League (TSCL), Social Security beneficiaries may see a significant increase in their checks by 2027. - The COLA for next year is projected to be 3.9%, up from a previous estimate of 2.8%, aimed at protecting beneficiaries' purchasing power amid rising living costs. - Despite an average increase of over $81 per month, this amount is insufficient to cover the ongoing inflation affecting essential expenses like healthcare and housing.