A short, plain-language roundup of the week's financial and retirement news — summarized in our own words from major financial sites, and always linked back to the original source so you can read the full story.
The Dow, S&P 500 and Nasdaq all finished the week higher even after midweek swings tied to surging Treasury yields, rising oil prices, and a pullback in AI-related tech stocks.
Read at CNBC →The Federal Reserve lifted its benchmark rate a quarter point to 3.75%-4% in September, its first hike since 2023, and October meeting minutes showed policymakers unanimously expect to raise rates again before year-end to fight inflation.
Read at CNBC →Consumer prices rose 0.4% in August with annual inflation at 3.4%, while core inflation ticked up slightly more than expected, reinforcing the case for the Fed's recent rate increase.
Read at CNBC →Advocacy group estimates point to a roughly 3.5% cost-of-living adjustment for 2027, notably larger than this year's raise, with the official SSA announcement expected October 14 once September inflation data is finalized.
Read at The Motley Fool →An actuarial forecast projects the 401(k) employee deferral limit could rise by $1,000 to $25,500 for 2027, though the final figure depends on September inflation data and won't be official until the IRS releases it.
Read at 401(k) Specialist →Top certificate of deposit rates reached as high as 5.07% for select terms this week, giving savers, including those nearing retirement, more attractive options for parking cash short-term.
Read at Forbes →Long-term Treasury yields climbed to their highest level in roughly two decades this week, adding volatility to stocks and raising borrowing costs that can affect retirees' fixed-income holdings.
Read at Yahoo Finance →This roundup is not a licensed news feed, not investment advice, and not exhaustive — always click through to the original source for the full story before making any decision. Headlines and summaries are drafted with AI research assistance from public financial news sources on a weekly schedule, then written in our own words with a link back to each source.