US Financial News Live Updates: Social Security, Stock Market, Interest Rates, Inflation, Fed Rate Decision and Benefits.

The US Federal Reserve held rates steady in June, but signaled two more rate hikes in 2023. Inflation nationwide is slowing but still twice what the Fed would like, 2%. Many states are providing stimulus checks and tax refunds in June to help alleviate financial stress caused by inflation and budget surpluses from the previous year. The Social Security Administration is continuing to mail out June benefits for retired workers, Supplemental Security Income payments, as well as disability and survivor assistance. Americans are increasingly using their credit cards for purchases, with just 9% using cash.