The December rate hike by the Federal Reserve could mean thatthose saving for retirement will have an easier timetrying to accumulate enough money to see them through.
According to BlackRock, the anticipation of additional ratehikes after the Fed’s Federal Open Market Committee boostedinterest rates by a quarter point in December gave markets thetaste for additional increases. And that anticipation has alreadyresulted in a 16 percent drop in the cost of future retirementincome.
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