Current:Home > MarketsThe Daily Money: Will the Fed go big or small? -SecureWealth Vault
The Daily Money: Will the Fed go big or small?
View
Date:2025-04-13 23:45:58
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! (2)
Related
- What to watch: O Jolie night
- HBO's 'The Gilded Age' is smarter (and much sexier) in glittery Season 2
- Free Taco Bell up for grabs with World Series 'Steal a Base, Steal a Taco' deal: How to get one
- Tammy has redeveloped into a tropical storm over the Atlantic Ocean, forecasters say
- Federal hiring is about to get the Trump treatment
- How a South Dakota priest inspired 125 years of direct democracy — and the fight to preserve it
- 5 Things podcast: Sexual assault nurses are in short supply, leaving victims without care
- 2 Korn Ferry Tour golfers become latest professional athletes to be suspended for sports betting
- Sonya Massey's father decries possible release of former deputy charged with her death
- Madonna and Britney Spears: It's them against the world
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Americans face still-persistent inflation yet keep spending despite Federal Reserve’s rate hikes
- Mainers See Climate Promise in Ballot Initiative to Create a Statewide Nonprofit Electric Utility
- Q&A: Rich and Poor Nations Have One More Chance to Come to Terms Over a Climate Change ‘Loss and Damage’ Fund
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Daylight saving time 2023: Why some Americans won't 'fall back' in November
- Tammy has redeveloped into a tropical storm over the Atlantic Ocean, forecasters say
- Cruise, GM’s robotaxi service, suspends all driverless operations nationwide
Recommendation
See you latte: Starbucks plans to cut 30% of its menu
Hundreds of mourners lay flowers at late Premier’s Li Keqiang’s childhood residence in eastern China
Heather Rae El Moussa Diagnosed With Hashimoto’s Disease
Why the number of sea turtle nests in Florida are exploding, according to experts
Questlove charts 50 years of SNL musical hits (and misses)
Madonna and Britney Spears: It's them against the world
Video shows bear hitting security guard in Aspen resort's kitchen before capture
Spooky Season 2023 Is Here: Get in the Spirit With These 13 New TV Shows and Movies