US EditionThe Fed’s Decision Is In. Here’s What What Social Security Cost of Living Adjustment (COLA) Looks Like
- The Federal Reserve held interest rates steady on Wednesday, maintaining the benchmark at 4.25%-4.50% after a two-day meeting.
- Fed Chair Jerome Powell said they are well positioned to wait for more economic data before adjusting policies amid uncertainty over tariffs and growth.
- Powell noted that tariff-related cost increases will likely cause meaningful inflation as the added expenses are distributed among manufacturers, importers, retailers, and consumers.
- Policymakers projected slowing growth to 1.4%, rising unemployment to 4.5%, and inflation rising to 3% in 2025, signaling risks from tariffs and economic challenges.
- The Fed indicated borrowing costs may fall by the end of 2025, but immediate rate cuts remain unlikely given persistent inflation risks and tariff uncertainties.
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The Fed’s Decision Is In. Here’s What what Social Security Cost of Living Adjustment (COLA) Looks Like
Key Points The Federal Reserve met in mid-June to determine whether to cut interest rates. Fed officials held rates steady and expressed concerns that tariffs would lead to more inflation. Retirees could see their Social Security COLA adjustment increase due to rising inflation. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been…
As the Fed waits on the impact of tariffs, some are already feeling it
Federal Reserve Bank Chair Jerome PowellChip Somodevilla/Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Happy Juneteenth! Since the BI Today team is off for the holiday, we're running an abbreviated version of the newsletter.But we've still got time for a scoop! Meta's deal with Scale AI has left its Big Tech clients eager to distance themselves from…
Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation - West Hawaii Today
The U.S. central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned against putting too much weight on that view, and said he expects “meaningful” inflation ahead as consumers pay more for goods due to the Trump administration’s planned import tariffs.
Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead - Hawaii Tribune-Herald
WASHINGTON — The U.S. central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned against putting too much weight on that view, and said he expects “meaningful” inflation ahead as consumers pay more for goods due to the Trump administration’s planned import tariffs.
Manuel Tovar, head of the Ministry of Foreign Trade (Comex), said that there is a likelihood that the United States will eliminate the 10% tariff on imports of goods made from Costa Rica. “Just as there was the possibility of adopting that policy (arancelaria), I believe that there is a possibility of reversing it, of course, if we would not be sitting there (negotiating with the United States),” the official said this Wednesday, before the Comm…
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