Here’s how an increase in federal interest rates will affect your retirement plan — for better or worse Personal Finance

(Ryan Downey) The stock market fell this week after August Consumer Price Index He noted that inflation was higher than expected. Combined with the decent employment report, this inflation data opened the door to continued interest rate hikes by the Federal Reserve. Higher rates will have a few significant impacts on different asset classes, and … Read more

How much will your Social Security benefits increase in 2023 based on current inflation? | Smart Change: Personal Finance

(Bram Berkowitz) New inflation data for August sent the market lower earlier this week, with Dow Jones Industrial Average It gave up a staggering 1,250 points on Tuesday as inflation came in higher than expected last month. Inflation data doesn’t just affect the markets; It also plays a big role in determining how much to … Read more