The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%.
The nonpartisan advocacy group The Senior Citizens League predicts the 2026 COLA will be 2.1%, based on data from the Bureau ...
Plus, why Morningstar believes the Federal Reserve will cut interest rates this year more than the markets predict.
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
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