New Delhi, March 18 -- Millions of Americans relying on Social Security are closely watching the Federal Reserve's March 18 policy meeting, as signals from policymakers could shape expectations for the 2027 cost-of-living adjustment (COLA).

While Social Security increases are determined by inflation data later in the year, the Fed's stance on interest rates offers an early indication of where prices may be headed.

For retirees on fixed incomes, this provides a crucial preview of whether future benefit increases are likely to be modest or significant.

Comments from Fed Chair Jerome Powell and the central bank's latest economic projections are expected to signal whether inflation is continuing to cool or showing signs of resurgence.

The...