Friday’s strong economic data, along with Federal Reserve Chairman Jerome Powell’s recent comments, are causing a shift in market sentiment regarding future interest rate cuts. Investors are now reevaluating how much further rates can decrease next year, reflecting a more optimistic outlook on the economy. Powell’s remarks, combined with the positive economic indicators, are leading to a reassessment of the trajectory of interest rates moving forward.
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Claimed Social Security Too Early? Here's Some Good News.
Waiting until full retirement age to sign up for Social Security helps avoid reduced monthly benefits, which is crucial for those relying on this income. However, circumstances like job loss or health issues may force early claims, which can lead to regrets; fortunately, there's a do-over option that allows individuals to withdraw their application and reapply later, provided they repay all benefits received within a year. To make informed decisions, it's essential to understand Social...
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