Current:Home > MyThe Daily Money: Will the Fed go big or small?-DB Wealth Institute B2 Expert Reviews
The Daily Money: Will the Fed go big or small?
View Date:2024-12-23 23:06:53
Good morning! It’s Daniel de Visé with your Daily Money.
Big or small?
Will the Federal Reserve lower its key interest rate by a typical quarter percentage point this week, or an outsized half-point?
The difference between the two possible approaches to the first Fed rate cut since 2020 may sound trivial, Paul Davidson reports. After all, Fed officials are expected to launch a flurry of rate reductions now that inflation and job growth are both slowing notably, likely juicing the economy and stocks. As a result, a small decrease could be followed by larger ones in the next few months, or vice versa.
But the Fed’s decision at the end of a two-day meeting Wednesday could move stock and bond markets and reveal whether officials are more concerned about stamping out inflation’s final embers or propping up a labor market that has been cooling a bit too rapidly for most economists’ comfort.
Here's what to expect.
Women are losing ground in DEI fight
Corporate commitments to increase the number of women in the leadership pipeline are slipping amid mounting attacks on diversity, equity and inclusion, Jessica Guynn reports.
Employers surveyed by LeanIn.org and McKinsey & Co. are scaling back programs intended to advance women’s careers. The pullback is deepest for women of color, with companies reporting some of the sharpest declines in programs that boost their career prospects, the survey found.
Bottom line: Too few women − especially women of color − are advancing into management positions. At the current rate of progress, it will take nearly 50 years for women to reach parity in corporate America.
📰 More stories you shouldn't miss 📰
- Interest rates going down? Live coverage.
- Bank branches are on the way out
- Do airlines track your searches?
- What is the slowest-selling car in America?
- Should you lock in CD rates now?
🍔 Today's Menu 🍔
Boar's Head liverwurst won't be available for purchase or consumption ever again.
The decision to "permanently discontinue" the deli meat was announced Friday, months after the discovery of an ongoing listeria outbreak was tied to a "specific production process" that caused 57 hospitalizations across 18 states, including nine deaths as of late August, USA TODAY reported.
The Centers for Disease Control and Prevention was made aware of the deadly outbreak on July 19, choosing to issue a recall for 207,528 pounds of Boar's Head liverwurst seven days later.
What is it about liverwurst?
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (224)
Related
- Does the NFL have a special teams bias when hiring head coaches? History indicates it does
- The White House expects about 40,000 participants at its ‘egg-ucation'-themed annual Easter egg roll
- Horoscopes Today, March 26, 2024
- Video shows 'Cop City' activists chain themselves to top of 250-foot crane at Atlanta site
- Opinion: Chris Wallace leaves CNN to go 'where the action' is. Why it matters
- Usher has got it bad for Dave's Hot Chicken. He joins Drake as newest celebrity investor
- All of Beyoncé's No. 1 songs ranked, including 'Texas Hold ‘Em' and 'Single Ladies'
- Carol Burnett recalls 'awful' experience performing before Elvis: 'Nobody wanted to see me'
- Contained, extinguished and mopping up: Here’s what some common wildfire terms mean
- Authorizing sports betting in Georgia may lack needed votes from lawmakers
Ranking
- Kim Kardashian Says She's Raising Her and Kanye West's 4 Kids By Herself
- Employer of missing bridge workers vows to help their families. They were wonderful people, exec says.
- What caused the Dali to slam into Baltimore's Francis Scott Key Bridge? What we know about what led up to the collapse
- Federal appeals court keeps hold on Texas' sweeping immigration in new ruling
- Dozens indicted over NYC gang warfare that led to the deaths of four bystanders
- Baltimore bridge rescues called off; insurers face billions in losses: Live updates
- High court rules Maine’s ban on Sunday hunting is constitutional
- 'Shirley': Who plays Shirley Chisholm and other politicians in popular new Netflix film?
Recommendation
-
Federal judge orders Oakland airport to stop using ‘San Francisco’ in name amid lawsuit
-
Florence Pugh gives playful sneak peek at 'Thunderbolts' set: 'I can show you some things'
-
Trump backers try again to recall Wisconsin GOP Assembly speaker as first effort stalls
-
Alex Murdaugh’s lawyers want to make public statements about stolen money. FBI says Murdaugh lied
-
'Dangerous and unsanitary' conditions at Georgia jail violate Constitution, feds say
-
How Queen Camilla Made History at Royal Maundy Service
-
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, E.T.
-
Trump will attend the wake of a slain New York police officer as he goes after Biden over crime