Topic
Inflation
Fed Holds Rates but Its Dot Plot Flips Toward a 2026 Hike
The Federal Reserve kept rates steady in Kevin Warsh's first meeting as chair, but its new projections show the median policymaker now expecting a 2026 hike rather than a cut.
Inflation Hit 4.2% in May, Lifting the 2027 Social Security Raise
May's Consumer Price Index rose 4.2% from a year earlier, the most since 2023. A gasoline surge drove it, and the squeeze lands first on fixed incomes.