Morning Report: Social Security recipients may see smaller increases next year
The Social Security Cost-of-Living adjustment could be much smaller next year. Recipients saw an 8.7 percent bump this year, the highest in decades. Social Security benefits could increase by just 3 percent or less in 2024 as inflation fades. Regional Banks report earnings this week. Many say they are paying depositors more to keep them. Small and midsize U.S. banks…