Why Thursday Will Be a Make-or-Break Day for the Stock Market -- and for Social Security Retirees
New data for how inflation trended in September is scheduled to come out Thursday morning, and it could have several big ramifications for the stock market and for Social Security recipients.
Inflation has been at the center of the market's attention this year. It has led the Federal Reserve to turn hawkish in a hurry and commence three consecutive jumbo 0.75-percentage-point interest rate hikes that have crushed stocks and led many investors to fret over the possibility of a severe recession.
Inflation has greatly increased the cost of living for retirees who receive Social Security benefits, but it could also lead to one of the largest increases in Social Security payments in more than 40 years. Let's take a look at how both investors and retirees could be affected tomorrow.
Source Fool.com
