In the Unlock the Editor’s Digest for free, FT Editor Roula Khalaf highlights the European Central Bank’s decision to cut its interest rate to 2.75% due to stagnant Eurozone economy, with ECB President Christine Lagarde warning of continued weakness and downside risks. The ECB plans to cut rates further until reaching 1.5%, citing uncertainty and data-driven decisions, despite recent increases in longer-term government bond yields. Lagarde remains optimistic about a gradual recovery, contrasting with the US economy’s stronger growth and investor expectations for more ECB rate cuts.
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Social Security: This Hidden Threat Could Cost the Average Retiree $4,440 Per Year
Social Security is vital for about 16 million seniors, preventing poverty annually, but faces challenges such as potential benefit cuts and a significant loss of buying power that could cost retirees over $4,000 each year. This uncertainty raises concerns about the program's future effectiveness as a financial lifeline for many Americans. Explain It To Me Like I'm 5: Social Security helps many older people in America have enough money to live, but there are worries...
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