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Tuesday 12 December 2023

The Daily Money: Will the Federal Reserve raise rates?

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Will the Federal Reserve raise interest rates? Tune in Wednesday to find out. Also, how to graciously handle unexpected gifts.

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Dec 12 2023

 

Jessica Guynn Senior tech and economic opportunity reporter

Will the Federal Reserve raise interest rates? Tune in Wednesday to find out.

The Fed is expected to leave its key interest rate unchanged for the third straight month. The pause follows aggressive rate hikes dating back to March 2022, a period in which the central bank raised rates 11 times to a 22-year rate high of 5.25% to 5.5%. The goal was to make borrowing more expensive to cool down the economy and surging inflation.

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Federal Reserve Bank building.

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What to do when you get an unexpected holiday gift

We've all had it − that terrible sinking feeling when someone gives you a holiday present but you have nothing to give them in return. Here are some tips on how to reciprocate without being awkward.

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Inflation eased again in November. What it means for interest rates and your money.

🍔 Today's Menu 🍔

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.

gta-6-trailer-released-early

The man behind the 'Florida Joker' mugshot thinks he might have inspired one of the scenes in the Grand Theft Auto 6 trailer.

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TikTok 2023 year in review.
 

TikTok review 2023: A look at the year's top videos and trends

Miss out on any of this year's big trends? Still confused about what some of them meant in the first place? Catch up with the TikTok year in review.

PS5 gamers can swing into Marvel's Spider-Man 2, a stellar single-player adventure from Insomniac Games.
 

Game on! The best video games of 2023 for kids and grownups

With so many new games available, it could be tough to know what to buy. Here are some of columnist Marc Saltzman's top picks.

DoorDash has employed a new system notification letting non-tippers know their orders will likely take longer than those for tipping customers.
 

No tip required: Uber Eats, DoorDash remove prompt in New York City

In New York City, both Uber Eats and DoorDash will move the prompt for customers to tip their delivery workers, both companies announced in December.

The new Toyota Prius is the 2024 MotorTrend Car of the Year.
 

Toyota's new Prius is crowned the 2024 MotorTrend Car of the Year

The new Prius has proven itself the best new car on the market for the first time in 20 years.

Fortunately, most of us aren't buying our true love all those items rattled off in "The Twelve Days of Christmas." All together, you'd pay $46,729.86 this year, up 2.7% from a year ago, according to the PNC Christmas Price Index.
 

'10 lords leaping' costs what?! The true price of 12 Days of Christmas

Consumers could pay nearly the price of a new car to buy a true love turtle doves, gold rings and the other gifts in the Twelve Days of Christmas

SAN FRANCISCO, CALIFORNIA - JANUARY 31: The United Parcel Service (UPS) logo is displayed on a delivery truck on January 31, 2023 in San Francisco, California. UPS reported fourth quarter earnings with full year guidance that fell short of analysts' expectations of $99.9 billion compared with projected income between $97 billion and $99.4 billion.
 

UPS driver's paycheck went viral on TikTok: How much they'll soon make

Skyler Stutzman, an Oregon-based UPS delivery driver, has posted multiple videos on TikTok discussing his paycheck. Some users were surprised.

Thomas Cook and Joseph Feeney agreed years ago to split future lottery winnings. Cook followed through on that promise when he won a $22 million prize in June.
 

Lottery winners: See Americans who hit the jackpot and won millions

New and old, here is a look at some Powerball and Mega Millions winners throughout the years.

4. ZARA     • Decline in rank, 2020 to 2021:  -26 places (No. 57 to No. 83)     • Brand value, 2021:  $21.4 billion     • Change in brand value, 2020 to 2021:  +0%     • Industry:  Apparel
 

Zara regrets 'misunderstanding' of controversial ad

Zara has pulled a controversial ad after some consumers compared the images to those of deceased in Gaza. The brand said it was a "misunderstanding."

Celebrity Cruises has expanded its solo stateroom capacity.
 

What solo cabins are like on Celebrity Cruises' newest ship

Here's what the solo cabins are like on Celebrity Cruises' new ship.

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