WASHINGTON (AP) — The ongoing government shutdown is delaying the announcement of the annual Social Security cost-of-living adjustment for tens of millions of beneficiaries. Originally scheduled for Wednesday, the 2024 Social Security COLA announcement will now be Oct. 24. It is timed to the September Consumer Price Index, which also has not yet been released….
Hong Kong franchised bus operator Citybus has raised salaries for its frontline staff by 2.5 per cent, matching the pay increase offered to all employees by rival KMB. Citybus, the second largest franchised bus operator in Hong Kong after KMB, said the firm considered factors, such as labour market trends, in adjusting wages and was…
As China’s National Day holiday approaches, prices of hairy crabs, one of the most popular seasonal gifts at this time of the year, are down markedly as the first batches are delivered to markets across the country. Industry insiders predict that prices will fall further, citing higher production, shrinking gift-giving demand and weak household spending….
Economists at Canada’s banks have locked in their forecasts for today’s BoC rate decision. Many say Tuesday’s Consumer Price Index (CPI) reading from Statistics Canada did not move the needle on their prediction. “We continue to think the Bank of Canada’s decision tomorrow will be a close call between a 25 basis point cut to…
Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’ expectations of a 0.2% increase, according to…
The most striking figures in the new inflation data – CBS News Watch CBS News The latest Consumer Price Index shows overall prices rose by nearly 3% on an annual basis last month. There were more warning signs about the labor market. Kelly O’Grady explains. Source link
Social Security beneficiaries could see a 2.7% cost-of-living adjustment (COLA) in 2026, which is slightly above the 2.5% increase U.S. retirees received in 2025. That’s according to an estimate from the Senior Citizens League, which recently posted its latest COLA prediction based on August inflation figures figures from the Bureau of Labor Statistics. The Virginia advocacy group has…
Data showig a fall in producer prices last month came ahead of key consumer figures due Thursday and boosted rate cut hopes (Frederic J. BROWN) Asian equities mostly rose Thursday as investors built on this week’s rally after US data ramped up expectations for a string of interest rate cuts. Markets have enjoyed a healthy…
Commuters exit a Wall Street subway station near the New York Stock Exchange. (Bloomberg) — Wall Street trading desks expect a hot inflation print when the consumer price index hits Thursday, but they aren’t preparing for a big reaction from stocks with jobs dominating the market narrative. Options traders are betting the S&P 500 Index…
Markets ended the week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some economists warn the underlying story is more concerning than investors seem to believe. The Producer Price Index (PPI) for July surged to a three-year high, with services inflation playing a key role in the gains….