forecast Archives - DR News - News, Retirement, Finance

Social Security Benefits Face Uncertain Future with Lower Cost of Living Adjustment Forecast

Miami, Florida – Social Security beneficiaries in Miami, Florida, are bracing for a potential decrease in their Cost of Living Adjustment (COLA) next year. The adjustment, typically based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) during the third quarter, plays a crucial role in protecting the purchasing power of retirees against inflation. While the official COLA for 2025 has yet to be calculated by the Social Security …

2025 Social Security COLA Forecast: Experts Predict Lower Adjustment Ahead

Washington, D.C. – Retirees depend on Social Security benefits to provide financial stability in their golden years. The annual cost-of-living adjustment (COLA) plays a crucial role in ensuring that beneficiaries receive a boost to keep up with inflation. In a recent announcement, the Social Security Administration revealed that the 2024 COLA was set at 3.2%, providing recipients with a significant increase in their benefits. This adjustment aims to help maintain the purchasing power of Social …

Healthcare Giant CVS Slashes Profit Forecast and Misses Estimates Amid Surge in Medical Procedures

Boston, MA – CVS Health Corp announced a significant cut to its annual profit forecast and fell short of Wall Street expectations for first-quarter earnings. The company cited increased demand for non-urgent medical procedures leading to higher costs in its health insurance division. The U.S. healthcare giant revised its per-share adjusted earnings forecast for 2024 down to a minimum of $7.00 from the initial projection of at least $8.30. This adjustment reflects CVS’s anticipation of …

Snow to Wind Down Across New Jersey by Early Evening: Latest Forecast Shows Light to Moderate Snow Continues to Fall

TRENTON, New Jersey – New Jersey residents are bracing for a potentially challenging evening commute as light to moderate snow continues to fall across the state on Friday. However, forecasters predict that the snow will taper off and be long gone by the time most people are heading to bed. According to AccuWeather meteorologists, the snow is expected to wind down from north to south, potentially starting as early as dinnertime. Tom Kines, a senior …

“2025 Long-Term Inflation Forecast Predicts Lowest Social Security COLA Since 2020” – The 401(k) Specialist

Boston, MA – A recent long-term inflation forecast predicted that the Social Security cost-of-living adjustment (COLA) for 2025 will be the lowest since 2020. This forecast has raised concerns about the financial security of retirees and individuals relying on Social Security benefits. The impact of low COLA on retirement planning and budgeting is significant, as it affects the purchasing power of retirees and their ability to keep up with the rising cost of living. The …

Potential Snow Event: Will Snowfall Bring Chaos to Your Area? Read on for the Latest Forecast and Find Out

Washington D.C., United States – The weekend weather forecast for Washington D.C. indicates cloudy skies and the possibility of light snow before a significant temperature drop, with low temperatures expected to linger throughout the weekend. The temperatures will rise above freezing today and tomorrow, but a cold front will cause a rapid drop in temperature over the weekend, potentially creating hazardous driving conditions. Today, the weather will be mainly cloudy with minimal breeze, and highs …

Weather Forecast: Occasional Sunshine and Passing Showers Expected Today

Washington, D.C. – The weather forecast for the upcoming days in the nation’s capital calls for a mix of clouds, sunshine, and potential rain showers, creating a somewhat variable outlook for residents and visitors alike. Today, there will be mostly cloudy skies with a slight chance of rain later in the day, with highs ranging from 62 to 69 degrees Fahrenheit. Tonight, the cloud cover will persist with a continued chance of rain, keeping temperatures …

Snow forecast DC, Maryland, Virginia: Icy Roads Prompt School Closings & Delays

WASHINGTON – Following the first significant snowfall in years, some school systems in the Washington, D.C., Maryland, and Virginia areas will be closed or delayed on Wednesday. Concerns are rising for icy road conditions on Wednesday morning as temperatures are expected to drop into the teens and single digits Tuesday night. The updated list of school closings, delays, and early dismissals in the region has been provided for the convenience of the public. Residents are …

Rainy Northeast Weekend Forecast: Flood Watches, Snow, and Cherry Blossoms at Risk

Washington, D.C. – As spring brings a whirlwind of weather changes, the transition from wildfires to a heavy rainstorm within days serves as a vivid reminder of the season’s unpredictable nature. The nation’s capital and its surrounding region are bracing for a deluge of rain from Friday night into Saturday morning, with the potential for over 2 inches of rainfall in a short period. The imminent storm has prompted the National Weather Service to issue …

March Madness: Fed Forecast for the Week a Risky Bet, Says Pensions & Investments

New York, NY – As the Federal Reserve gears up for its March meeting, expectations are high for the central bank to hold off on any drastic policy changes. With inflation still a concern and uncertainty surrounding the ongoing pandemic, many analysts believe the Fed will opt for a cautious approach. Despite recent signs of economic recovery and a strong labor market, Fed officials have been vocal about the need for patience and flexibility in …