By Michael S. Derby
NEW YORK, Feb 8 (Reuters) - Federal Reserve Bank of Richmond President Thomas Barkin said Thursday it’s too soon to say when the central bank will be able to cut rates.
“I don’t pre-judge meetings” as there is more data to see to take stock of how much inflation is moderating, Barkin told reporters after a speech at the Economic Club of New York. (Reporting by Michael S. Derby)
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Retirement savings play a crucial role in securing financial stability in your golden years. For those aiming high, being in the top 3% of retirees in terms of savings enhances comfort and offers greater financial freedom. Using data from the Federal Reserve's Survey of Consumer Finances, a 2024 survey by the Employee Benefit Research Institute, reveals that individuals with over $1 million in retirement accounts rank in the top 3% of retirees. Only 3.2% of retirees have surpassed the $1 million
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