Will a 2026 Fed Interest Rate Increase Help or Hurt Retirees?
It could go both ways, actually.
Will a 2026 Fed Interest Rate Increase Help or Hurt Retirees?
Overview
Inflation isn't running as hot as it was a few years ago. But it's still above the level the Federal Reserve would like to see.
The Fed has long targeted 2% inflation over the long run. But in May, the Consumer Price Index rose 4.2% on an annual basis. That's well above the Fed's preferred level, which means the central bank may now be more likely to raise interest rates before the end of the year.
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Originally published at www.fool.com.
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