Key Financial Events Ahead as Social Security Payments Pause

The week of October 5 to 11 is quiet for Social Security payments, but several key financial events are on the horizon. The Federal Reserve will release the minutes from its September meeting on Wednesday, October 7, at 2:00 p.m. Eastern Time. The meeting, where the Fed raised its benchmark interest rate to a range of 3.75% to 4%, will provide insights into the committee's concerns about inflation and future rate hikes.

On Thursday, October 8, Mexico will announce its September inflation rate, currently at 3.42%, and the Bank of Mexico will release the minutes of its September decision on interest rates. These updates could impact the Mexican peso and the value of dollar remittances to Mexico.

The following week includes several important deadlines. On Wednesday, October 14, the Bureau of Labor Statistics will release September’s inflation rate, crucial for calculating the 2027 Social Security Cost-of-Living Adjustment (COLA). This day also marks a Social Security payment for those born between January 1 and 10.

Thursday, October 15, is the deadline to file the 2025 tax return if an extension was requested from the IRS, and Medicare’s open enrollment period begins, lasting until December 7.