from24/7 Wall St.
11 hours agoSocial Security Cost Of Living Adjustment (COLA) Changes After Fed Cuts Rates Again
The U.S. Federal Reserve's latest interest rate cut of a quarter percentage point lowered the benchmark federal funds rate to a range of 3.5%-3.75% in mid-December. This move continues to spark optimism among market participants, as valuations of most risk assets are directly tied to the risk-free rate, at least when it comes to modeling out a company's discounted future cash flows. Bond yields have also come down considerably in recent months (lower yields mean higher prices), so investors are winning across the board.
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