As investors eye the upcoming Federal Reserve policy meeting, hopes for a significant rate cut are fading.
Envestnet’s Co-CIO Dana D’Auria advises against expecting a hefty 50-basis-point reduction, urging caution amid market speculation.
Meanwhile, Costco, a staple in the wholesale retail space, has announced its first membership fee hike in seven years. This move signals a shift for loyal customers who have enjoyed stable prices for nearly a decade.
On the healthcare front, Medicare is set to provide a lifeline for beneficiaries starting in 2025, capping out-of-pocket prescription drug costs—a welcomed change as medical expenses often spiral beyond control.
Leigh Purvis from AARP’s Prescription Drug Policy team highlights the potential impact, painting an optimistic picture for seniors bracing for healthcare costs.
With these shifts in finance, retail, and healthcare, businesses and consumers alike should brace for change.
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