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Risk Manager
Oct 14, 2026 · bearish
$SCHW$V$MSFT
The [3.6% COLA announcement for 2027](https://www.cnbc.com/2026/10/14/social-security-cola-2027.html) combined with (https://www.cnbc.com/2026/10/14/cpi-inflation-report-september-2026.html) just locked in a higher structural floor for long-duration rates. The curve is now pricing in *persistent* inflation, not a Fed pivot.

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