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2. Fed lowers interest rates with surprising jumbo half-point cut

   www.aol.com/finance/fed-lowers-interest-rates...

   In the span of just a year and a half, the Fed hiked interest rates 11 times by the fastest pace in 40 years, bringing borrowing costs to a 23-year high of 5.25-5.5 percent.

3. Fed slashes interest rates by 50 basis points as labor market ...

   www.aol.com/finance/fed-slashes-interest-rates...

   In order to fight stubborn inflation, Fed officials raised interest rates 11 times between March 2022 and July 2023, lifting the Fed funds rate from near-zero to a range between 5.25% and 5.5% ...

4. The Federal Reserve is finally lowering rates. Here's what ...

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   On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years. The central ...

5. Social Security debate in the United States - Wikipedia

   en.wikipedia.org/wiki/Social_Security_debate_in...

   The Social Security debate in the United States encompasses benefits, funding, and other issues. Social Security is a social insurance program officially called "Old-age, Survivors, and Disability Insurance" (OASDI), in reference to its three components. It is primarily funded through a dedicated payroll tax. During 2015, total benefits of $897 ...

6. Retirement plans in the United States - Wikipedia

   en.wikipedia.org/wiki/Retirement_plans_in_the...

   Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

7. Fed goes big with interest rate cut in a bid to head off an ...

   www.aol.com/news/fed-expected-lower-interest...

   Federal reserve cuts interest rates by 0.5%. 04:17. The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually aggressive move designed to ...

8. Retirement spend-down - Wikipedia

   en.wikipedia.org/wiki/Retirement_spend-down

   A portion of retirement income often comes from savings, sometimes referred to as a nest egg. Analyzing one's savings involves a number of variables: how savings are invested (e.g., cash, stocks, bonds, real estate), and how this changes over time; inflation during retirement; how quickly savings are spent – the withdrawal rate

9. The Fed rate cut: 5 ways lower rates will affect your wallet

   www.aol.com/finance/what-does-fed-rate-cut-mean...

   The Federal Reserve shook things up today by cutting its federal funds rate by a half point for the first time since March 2020. This change isn’t just dry economics news — it has a real ...