In fact, it’s only in the last two years that feds saw raises once again exceeding 3%. This year’s pay increase was the largest since President Jimmy Carter’s term. The last time there was a flat 2% pay raise was in 2010. In the decade that followed, pay raises...
Mike Causey
The next Fed meeting comes in late January 2025 (28 & 29). It does not appear likely that another reduction in the federal funds rate will come at that time. The January meeting also does not include an update to the Summary of Economic Projections; we'll have to wait for the March m...
It took effect in January 2011, but the unemployment rate stayed above 9% for most of the rest of that year. Temporary tax cuts put more money in peoples’ pockets and can give a short-term lift to the GDP statistics. But the growth effect quickly vanishes because it doesn’t ...
Direct subsidized loans and direct unsubsidized loans for undergraduates disbursed after July 1, 2024, and before July 1, 2025, have an interest rate of 6.53%. Unsubsidized student loans for graduate students have an interest rate of 8.08%. Direct PLUS loans for parents and graduate students ha...
For example, in 2024 a single filer will pay a 10 percent tax rate on income up to $11,600. In 2025, that bracket increases to $11,925. The reason for the annual increase is to avoid bracket creep, where people are pushed into higher tax brackets simply because of cost-of-living pa...
List of Federal Holidays 2024 New Year’s Day 🌟Date:January 1 New Year’s Day marks the beginning of the new year on the Gregorian calendar. Celebrations typically include parties, fireworks, and various traditions as people reflect on the past year and look forward to the new one. ...
Pay & Benefits What difference does 2.5% make? Here's what a Dec. 31, 2025 retirement might look like with a 4.5% increase in pay for 2025 compared with only a 2% increase. Tammy Flanagan December 12, 2024 Management ‘Administrative law’ sounds dry but it likely will be the key to ...
The pay law’s indicated raise for 2024 is 5.2 percent, which itself would be the largest raise since the 9.1 percent of 1980. The average4.6 percent paideffective January 1 this year was the largest since 4.8 percent was paid in 2000. ...
must be used or be expected to be used for activities in which 50% or more of the financial value of the output comes from qualifying materials, rather than 90% as previously proposed. The proposed amendments are applicable to property that becomes available for use after January 1, 2024. ...