Key Financial Updates: Inflation, Medicare, and Interest Rates
The Bureau of Labor Statistics is set to release a delayed inflation report next week, which will determine the Social Security cost-of-living adjustment for 2026. This data is critical for beneficiaries, especially the 22 million seniors relying solely on Social Security income.
Medicare open enrollment has begun, with enrollees advised to review plan changes for optimal coverage. Meanwhile, a recent economic report signals business hiring struggles, potentially influencing the Federal Reserve's decision on interest rate cuts at its upcoming meeting.