Inflation could mean a big Social Security cost-of-living adjustment in 2023

Sporrer/Rupp | Image Source | Getty Images Social Security beneficiaries started 2022 with a 5.9% cost-of-living adjustment to their monthly checks, the highest increase in about 40 years. But as inflation climbs with each month, the buying power of those benefit increases has diminished. The Consumer Price Index for all Urban Consumers, or CPI-U, rose … Read more

I bonds to deliver a record 9.62% interest for the next six months

Marko Geber | DigitalVision | Getty Images If you’re eyeing ways to fight swelling prices, I bonds, an inflation-protected and nearly risk-free asset, may now be even more appealing. I bonds are paying a 9.62% annual rate through October 2022, the highest yield since being introduced in 1998, the US Department of the Treasury announced … Read more

Your Favorite Restaurant In Town May Shut Down Due To Rising Food & Fuel Costs

Ankita Fernandes, who runs Francis Fernandes’ family-owned Fresh Catch in Mumbai, is fuming. And it is not because of the sultry summer’s harsh blow. Prices of commercial LPG cylinders were increased by Rs 102 to touch Rs 2355.50 on 1st May, and she is not amused. “We have used commercial LPG cylinders for over 25 … Read more

The Inflation Measures That Business Leaders Should Follow

Inflation is rising however you measure it. Dr. Bill Conerly based on data from the Bureau of Labor Statistics Business leaders have two concerns about inflation: their own particular selling prices and costs, and the general trend for inflation. The general trend is important information in business strategy and also helps managers understand the direction … Read more

How to take advantage of rising interest rates

In a bid to curb high inflation, the US Federal Reserve on Wednesday increased its key short-term interest rate by half a percentage point – the first hike of that magnitude in 22 years. While the US economy is still operating in a fairly low rate environment, that won’t last long. The central bank is … Read more

Here’s how you can prepare if there’s a 50 basis point Fed rate hike

Consumers are spending more to keep up with the surging cost of living and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has … Read more

Workers ‘have more cards to play than ever’ as wages on the rise. But how likely are you to see your pay go up?

Wages are rising, but inflation is rising faster — and workers in some industries are being left behind. Statistics Canada’s monthly Labor Force Survey found that average hourly wages rose by a dollar, or 3.4 per cent, between March 2021 and March 2022. That’s a slightly faster pace year-over-year than February, but not as fast … Read more

Weak opening on the cards

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 107 points at the opening bell. The earnings season for the quarter and financial year ended March will take off from today. IT major TCS will declare its Q4 result today, 11 April 2022. Global markets: … Read more

5.9% Social Security cost-of-living adjustment takes effect this month

An employee watches as checks are run through a printer at the US Treasury printing facility in Philadelphia. William Thomas Cain | Getty Images The new year will usher in bigger Social Security checks for many beneficiaries starting this month. That’s as a record 5.9% cost-of-living adjustment, or COLA, takes effect. It marks the biggest … Read more

Future child tax credit payments could come with work requirements

Parents and children participate in a demonstration organized by the ParentsTogether Foundation in support of the child tax credit portion of the Build Back Better bill outside of the US Capitol on Dec. 13, 2021. Sarah Silbiger | Bloomberg | Getty Images When President Joe Biden delivers his State of the Union address on Tuesday, … Read more

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