Long Island economy will depend on how uncertainties unfold. Foremost are the fiscal policies enacted by President Trump and the monetary policies of the federal reserve.

If you receive Social Security benefits, you are getting a Cost of Living Adjustment (COLA) this year. This means your ...

An early prediction for next year’s Social Security Cost of Living Adjustment shows retirees could be in for a shock.

NAB has joined the other big four banks in forecasting a 0.25% February rate cut, after the December consumer price index showed a drop in underlying inflation to 3.2%.

With inflation accelerating again, and the labor market on reasonably solid footing, the Fed pivoted back to wait-and-see. Read more here.

Since officials first cut rates in September, inflation has made uneven progress back down toward the central bank’s target.

After a two-day meeting of its monetary policy committee in Washington, the Fed announced it would hold its rate target at 4.25% to 4.50%.

By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living ...

Social Security benefits received a 2.5% cost-of-living adjustment (COLA) in 2025, but for many retirees, this is not enough ...

The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.

In December, economists believe the overall PCE index rose 0.3% on a monthly basis and 2.6% on an annual basis, according to ...