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Most recently updated firstSocial Security's Next Raise: From the 2.5% COLA to the 2027 Announcement
Social Security’s 2025 cost-of-living adjustment (COLA) was 2.5%, followed by a 2.8% increase for 2026; the latter was partly offset for many retirees by a nearly 10% rise in the standard Medicare Part B premium. The 2027 COLA has not been set: after July CPI-W data, outside forecasts ranged from 3.4% to 3.6%, with August and September inflation readings still to determine the official adjustment.
The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings
The Fed began easing in September 2024 with a half-point cut after holding rates at 5.25 to 5.5 percent for 14 months, then made two further cuts that year. It paused through most of 2025, slowed balance-sheet runoff in March, resumed cutting in September, and reached a 3.5 to 3.75 percent target range in December 2025; that range has held through five 2026 meetings.