Inflation Hits 3.7% as Savings Rates Face a New Test
September CPI inflation reached 3.7%, while many standard savings accounts pay far less. High-yield accounts and CDs offer stronger yields, but variable rates and fixed terms come with different trade-offs.
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Hotter Inflation Hits Tech Shares as Bank of America Slides
September inflation ran hotter than expected, pushing the Nasdaq 100 down 0.9% on Wednesday. Bank of America fell nearly 8% after Treasury announced $1.21 billion in penalties and the bank reported weaker trading revenue.
2027 Social Security COLA Depends on September CPI-W
A 3.5% Social Security COLA would add about $73 a month to the average retired worker benefit. The calculation depends on CPI-W readings from July through September, not October price data.
RPM Raises Dividend as Shares Trade Below GF Value
RPM International raised its quarterly dividend to $0.57 per share, taking the annualized rate to $2.28. The 39% payout ratio offers a cushion, though insider sales and middling momentum complicate the case.
