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As inflation eases, rate cuts could come soon

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Inflation eased more than expected in June, handing Federal Reserve officials another dose of encouraging data as they inch closer to cutting interest rates and giving long-awaited relief to households and businesses. Data released Thursday by the Bureau of Labor Statistics showed that prices climbed 3 percent compared with last year, an improvement from…

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In a recent court filing, multiple plaintiffs have lodged a civil action against JPA R/E Associates, L.P., The Estate of Joseph Pezzano, Bond, Pezzano & Etze P.C., Michele Gibson, and Paula Pezzano. The complaint was filed by Stephanie Andrews, Jose Datil, Edward Flach, Rosemary Geisler, Michael George, Joaquin Lopez, Francis Mallon, Mary Martin, Elizabeth McCormick,


An analysis of 2022 data revealed that the average operating margin for a nursing facility in Pennsylvania was -11.7%. Survey responses identified inadequate Medicaid reimbursements as the number one reason why the operating environment in Pennsylvania is not viable, PHCA said. An analysis conducted by CliftonLarsonAllen of 2022 data revealed that the…

Financial instability among a large portion of retirees and those nearing retirement in America is closely linked to a high reliance on the 401(k) retirement plans. This has been evidenced by recent research. While these plans have their advantages, they have shown certain inadequacies, as many individuals are unable to save enough to maintain their lifestyle post-retirement….

Have you ever thought that saving too much money for retirement could be a problem? In reality, saving too much money is never a problem; however, when you have a lot of money, you often have to pay a lot in taxes— which can be a problem for some investors. The investor is taxed on every dollar taken out; therefore, they might need to withdraw $120,000 to $130,000 for every…

The concern is that consumers will buy more and spend more, the Consumer Financial Protection Bureau warned in 2021. The rule change, which takes effect this summer, is a good move by the CFPB for a financial product that gained popularity during the pandemic. A recently released Federal Reserve report on the economic well-being of American households found…

A team of experts from the Federal Reserve and Georgetown University combined Medicare records with data from Equifax, a credit bureau, to study how people's borrowing behavior changed in the years before and after a diagnosis of Alzheimer's or another similar disorder. "It's not just forgetting, but our tolerance for risk changes," said Lauren Hersch Nicholas,…

777 Partners’ deal to buy Premier League club Everton has“ collapsed” just weeks after the U.S.- based investment firm“ denied accusations of fraud and called in restructuring experts to help with what it called‘ operational challenges.’” Everton said on Saturday that the agreement to buy the club from British-Iranian owner Farhad Moshiri has“ expired.” The club said…

Federal Reserve officials won’ t say it, but it appears that they’ ve beaten back inflation about as far as they can, at least without risking a recession. The news: The central bank’ s preferred price gauge was flat in April, the Commerce Department said on Friday. The Fed believes PCE, especially excluding food and energy, offers a clearer picture of underlying…

In March of 2022, the U.S. Federal Reserve began bumping up its benchmark interest rate, which had hovered around zero for much of the previous 13 years. For Central Massachusetts banks, that was a lot of change to deal with. Martin Connors, president and CEO of Fitchburg- based Rollstone Bank& Trust, said the rapid rate hikes meant the bank had to pay more to its savings…

These savers are individuals who have been in the same Fidelity-managed 401 plan, with the same employer, for an extended time, according to the latest research from Fidelity Investments released Thursday. Long-term, Gen X savers have average balances of $543,400 on their 401 statements, according to the retirement savings data for the first quarter from…

Gavin Newsom has proposed urgency legislation to expedite the hiking of homeowner insurance rates. As California property owners are acutely aware, several major insurers have stopped issuing new policies and ceased renewing old ones because, they say, they're money losers. Devastating wildfires and other natural disasters resulted in insurers paying…

It became known which are the cities in the world that offer the best destination for retirees to enjoy their retirement. This was the result of research by the specialized tourism website, Time Out, and the travel insurance site, Paying Too Much. They compiled the list according to the quality of life offered by each destination.

Health care lobbyists and conservative groups are stepping up preparations for what a second Trump presidency could mean for drug prices, health insurance subsidies and changes to health care entitlements.Why it matters: A Trump win would once again shock the system, bringing unpredictability and the possibility of cuts to federal health programs.Inside the room: Several GOP…

Data: Citizens Property Insurance Corporation; Chart: Axios VisualsFlorida's insurance market is in a "much stronger place" ahead of this year's hurricane season, industry experts tell Axios.Why it matters: The market, says Mark Friedlander with the Insurance Information Institute, is "well-prepared" to support claims should consumers see damage during what's expected to be an…