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Wednesday, 29 October 2025

All eyes on interest rates

06:51

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A rate cut is expected later today ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed Oct 29 2025

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

The Federal Reserve is expected to announce a small, quarter-point cut to interest rates today, at the conclusion of its October meeting.

Here's an article assessing what that means for your wallet.

And here's our live coverage of the announcement. Be sure to check back at 2, when the decision is announced.

📰 More stories you shouldn't miss 📰

Judge sides with publishers in Google antitrust case
Will WIC benefits stop in November?
UPS cuts 48,000 jobs in turnaround effort
Will federal workers get back pay after the shutdown?
Here's the least-driven used car in America

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

You don't need a million dollars to be financially comfortable. A little over $800,000 will do. That's the takeaway from a recent Modern Wealth Survey by Charles Schwab.  

It may be mostly a matter of semantics, but American consumers see a big difference between the financial goals of comfort and wealth: A nearly $1.5 million difference, to be exact.

Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news. Subscribe here.

WASHINGTON, DC - SEPTEMBER 17: Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee at the Federal Reserve on September 17, 2025 in Washington, DC.

Interest rates should continue their downward journey, as forecasters expect another rate cut from the Fed on Oct. 29. Are more cuts coming?

FILE PHOTO: A U.S. flag hangs in front of a screen that broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2025. REUTERS/Brendan McDermid/File Photo
 

Fed expected to cut interest rates again. Who benefits if they do?

Analysts expect the Fed to proceed with another quarter-point rate cut, viewing a cooling labor market as a larger concern than inflation.

FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009.
 

Here's how much money you need to be financially 'comfortable.'

Most people think you need millions to be wealthy. But what if you merely want to be "comfortable"?

This photo illustration shows Google logos.
 

Judge rules for publishers in Google antitrust case

A New York federal judge ruled in favor of news publishers who alleged Google monopolized the digital advertising market.

Tens of millions of Americans might not receive food stamps and other food aid such as WIC in November because of the government shutdown.
 

Will WIC benefits stop in November? Here's who could be impacted

The Trump administration has said SNAP benefits will cut off come Nov. 1. What about WIC?

United Parcel Service trucks are pictured in Vernon, California.
 

UPS slashes 48,000 jobs in 2025 in latest turnaround effort

The delivery giant said it cut about 48,000 jobs, part of which came under what its CEO called a "significant strategic shift."

Ester Pena shops at the Feeding South Florida food pantry on October 27, 2025 in Pembroke Park, Florida. Feeding South Florida is preparing for a possible surge in demand as SNAP benefits for some people may end due to the government shutdown.
 

Will federal workers get back pay? Here's what to know.

As the government shutdown hits its 28th day, hundreds of thousands of federal workers remain furloughed, with Trump threatening to block back pay.

Mazda  The MX-5 Miata is the only two-seat, rear-drive roadster in its price class.  The MX-5 Miata is the only two-seat, rear-drive roadster in its price class.
 

This best-selling roadster is America's least-driven used car

Owners of one iconic yet affordable sports car model drive their vehicles for less than 5,100 miles a year, according to a study by iSeeCars.com.

Workers load packages into Amazon Rivian electric trucks at an Amazon facility in Poway, California, on Nov. 16, 2022.
 

Amazon confirms layoffs. What we know.

In a memo shared on Amazon's website, the company said 14,000 corporate jobs are being cut.

USA TODAY
 

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