The Social Security Administration has announced a 3.6% cost-of-living adjustment for 2027, increasing monthly retirement benefits by an average of $75. Nearly 72 million Social Security beneficiaries will see higher payments beginning in January, while Supplemental Security Income recipients will receive increased payments starting December 31 • Read More

Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and Americans grow more cautious • Full Story

The IRS is significantly increasing the thresholds for income tax brackets in 2023 to adjust for the record-breaking inflation the U.S. has experienced lately. And that means if your wages haven’t kept up with skyrocketing prices, you may be taxed at a lower rate • Full Story

Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a point for a third straight time and signaled more large rate hikes to come — an aggressive pace that will heighten the risk of an eventual recession • Full Story

Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households • Full Story

Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis. Consumer prices rose 9.4% this year through June, up from 9.1% the previous month, the Office for National Statistics said Wednesday • Full Story