The U.S. stock market benchmark rebounded from a steep loss on the day when the government published hot inflation numbers.
The S&P 500 Index ended Thursday with a 2.6% gain after investors took a closer look and saw a significant improvement from July through September, as Rex Nutting explained. More: Here’s how you’ll know stock-market lows are finally here, says the legendary investor who called 1987 crash Time for a refreshing COLA if you are on Social Security The Social Security Administration has announced that its cost-of-living adjustment for 2023 will be 8.7%, the largest increase in four decades. There is more to the story, including tax implications and changes to Medicare, as Jessica Hall and Alessandra Malito explain.Pay attention to Medicare open enrollment Medicare’s annual open enrollment season runs from Oct. 15 to Dec. 7.
More housing coverage from Aarthi Swaminathan: ‘No housing market is immune to home-price declines’: Home values are already falling in these pandemic boomtowns.
More fake news..... it has not done this
Actually it hasn't, this is propaganda.
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This key inflation measure shows prices rose faster than expected last month | CNN BusinessA key measure of inflation increased faster than expected in September, raising concerns that the Federal Reserve's aggressive rate hikes are having limited impact in bringing inflation under control. Thanks leftist democrats. In real news today.. CNN has become a proxy for MAGA/Fox News. Do not forget that..........
Source: ALNewsNetwork - 🏆 583. / 51 Read more »
Stocks rally as inflation remains stubbornly highU.S. markets fell sharply in opening trading Thursday after an unexpectedly hot inflation report strengthened the Federal Reserve's position on the need for more aggressive interest rate hikes. I can't figure out how decreasing my stock value by 50% is helping me or the economy. I think the Fed is working for Putin at this point. Can we please talk about CORPORATE PROFITS!
Source: CBSNews - 🏆 87. / 68 Read more »
Surging prices show the Fed must continue its tough battle against inflation | CNN BusinessA key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and giving license to the Federal Reserve to maintain its pace of historic rate hikes. Thanks Joe! Biden & Dem spending caused the inflation along with Biden’s Federal Reserve’s loose money policy. Bidenflation is a heavy TAX on the lower and middle incomes. The recession is going to get worse Any references to Democratic party’s policies and demand for higher minimum wages as the culprits?
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