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Originally Posted by Aces4

Interest rates should hold right where they are simply because of the ongoing inflation. Prices will not decrease if money is cheap to borrow. The new proposed, apparently, rates of SS benefits for 2026 aren't going to help much with the rising costs. Most realize that those increases are not for covering all costs but when they hardly make a ding many seniors are struggling. When SS benefits are based on earnings back twenty years ago, the earnings, savings and retirement benefits then were much lower and some retirement benefits are gone.

I agree, the Federal Reserve’s 12 member voting panel won’t cut rates till the inflationary pressure is down. No one wants to see 2023 repeat itself. The last meeting we saw 9 members voting against any cuts and 3 voting for a.25 cut. If inflation keeps its current trajectory the same announcement will be made on the 17th. Weller really doesn’t have anyone in his corner for this round either. Powell will likely announce the board is keeping rates where they are. Tariffs are still a large uncertainty. Some big box stores are already laying the groundwork for price increases. IMHO I don’t see them absorbing the continued cost surge.