(Reuters) - U.S. retirees will receive a 2.5 percent increase in their Social Security checks in 2025, the Social Security Administration said on Thursday, translating into an average of roughly $50 per month more starting in January. The cost-of-living adjustment, also known as COLA, is tied to inflation moves. The rate for 2024 was 3.2%, reflecting higher inflation at the...

NEW YORK (Reuters) - Federal Reserve Bank of Boston President Susan Collins said on Tuesday that with inflation trends growing weaker it is very probable that the U.S. central bank can deliver more interest rate cuts. Further adjustments of policy will likely be needed, Collins said in the text of a speech to be delivered before a conference at her...

02:47 PM EDT, 10/08/2024 (MT Newswires) -- Fed Governor Adriana Kugler (voter) said that she would support further reductions in the federal funds rate if inflation continued to slow as expected, adding that she will continue to monitor incoming data and economic impacts from weather effects and tensions in the Middle East. New York Fed President John Williams (voter) said...

WASHINGTON (Reuters) - Boeing ( BA ) said late on Thursday it filed an unfair labor practice charge with the National Labor Relations Board against the union that represents about 33,000 striking U.S. West Coast factory workers. The planemaker said the International Association of Machinists and Aerospace Workers unit representing the workers had failed to bargain in good faith during...