The Daily Money: The big question for home shoppers: Buy or rent?

With housing prices surging and volatile interest rates, many people looking to buy a home are now debating whether they should rent instead. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Friday, August 26 It's finally Friday, readers. Take a deep breath, exhale, and know you have almost reached the weekend. It's Brett Molina back with your Daily Money headlines. This isn't your ordinary Friday. Today could provide some important clues on where the economy is headed. Federal Reserve chief Jerome Powell speaks at a conference in Jackson Hole, Wyoming, during which he might share hints on whether the central bank will slow down aggressive interest-rate hikes. So far, experts are split on which direction Powell will take: a continued push toward aggressive rate hikes, or a slower pace indicating the pressures of inflations are easing.  USA TODAY will have live coverage of Powell's remarks. Stay tuned. 🏠 A home shopper's dilemma: Rent or buy? 🏠 With housing prices still surging and interest rates bouncing all over the place, many people looking to buy a home are now debating whether they should rent instead. The average 30-year fixed mortgage rate went from 3.22% in January to 5.55% as of Thursday, according to Freddie Mac. However, the median monthly asking rent in the U.S. topped $2,000 for the first time in May.   📰 More stories you shouldn't miss 📰 What is a Pell Grant? What to know after Biden announces his student loan plan. The push toward EVs. California plans to ban the sale of new gas cars by 2035. Changes to Google search and maps. Services will label health care facilities that provide abortions. Traveling during pandemic. Exposed to COVID? CDC says get a private vehicle. 🍔 Today's Menu 🍔 New York City is home to a new pastry generating a lot of internet buzz. It's called the Suprême. It's a round croissant filled with cream and drizzled with chocolate. But is it better than the cronut? About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Follow Brett Molina on Twitter: @brettmolina23. Clues on potential Fed rate hikes to be eyed in chairman's speech... Fed Chair Powell will speak on Friday at a conference in Jackson Hole, Wyoming. Investors want to know how he thinks rate hikes should unfold. Resentment to celebration: Reactions to student debt forgiveness vary Housing: Should 'hesitant' buyers buy or rent? What is a Pell grant? Who qualifies? Here's what you need to know California plans to ban sales of new gas cars by 2035 Google to label facilities in Search, Maps that provide abortions Get a private vehicle, CDC says: What to know about new guidelines GMC, Hyundai among vehicle recalls this week Can my student loan payments made during the pause be refunded? Meet the Suprême, the new, cream-filled pastry that's become a viral...   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102