Current:Home > ScamsThe Daily Money: Will the Fed go big or small? -Capitatum
The Daily Money: Will the Fed go big or small?
View
Date:2025-04-12 11:11:54
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! (7)
Related
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- 4 GOP candidates to meet on stage today for fourth presidential debate
- Young nurse practicing cardiac arrest treatment goes into cardiac arrest
- Study: Someone bet against the Israeli stock market in the days before Hamas' Oct. 7 attack
- What to watch: O Jolie night
- A new Dutch parliament has been sworn in after Wilders’ victory in the national election 2 weeks ago
- Republican prosecutor will appeal judge’s ruling invalidating Wisconsin’s 174-year-old abortion ban
- Ex-New Mexico prison transport officer pleads guilty to sexually assaulting pretrial detainees
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Republican prosecutor will appeal judge’s ruling invalidating Wisconsin’s 174-year-old abortion ban
Ranking
- Rylee Arnold Shares a Long
- The Excerpt podcast: Sandra Day O'Connor dies at 93, Santos expelled from Congress
- Biden urges Congress to pass Ukraine aid package while expressing openness to Mexico border changes
- Viral video of manatee's living conditions feels like a 'gut punch,' sparks relocation from Florida facility
- In ‘Nickel Boys,’ striving for a new way to see
- Kids used sharp knives, power equipment: California poultry plant to pay $3.5M fine
- Massachusetts woman wins $25 million scratch-off game 17 years after winning $1 million
- Norman Lear, producer of TV’s ‘All in the Family’ and influential liberal advocate, has died at 101
Recommendation
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
The UK apologizes to families of 97 Liverpool soccer fans killed after a stadium crush 34 years ago
Q&A: How a Fossil Fuel Treaty Could Support the Paris Agreement and Wind Down Production
Stock market today: Asian shares surge as weak US jobs data back hopes for an end to rate hikes
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Boy Scout abuse claims fund shouldn’t pay $21 million in lawyers’ fees, judge says
Biden urges Congress to pass Ukraine aid package while expressing openness to Mexico border changes
US Coast Guard service members don’t feel safe, new review says. Officials are promising changes