ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | Daniel de Visé | Personal Finance Reporter
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A rise in basic living expenses - rent, as well as food and gasoline prices - was the main culprit. Used car prices also rose unexpectedly. |
Inflation is broadly headed lower, but a more gradual descent could lead the Federal Reserve to keep interest rates higher for longer. |
Last month, overall prices rose 3.4% from a year earlier, according to the Labor Department's consumer price index. On a monthly basis, costs increased 0.3% after virtually flatlining the previous two months. |
Tax season is getting underway |
Here are a few timely tax topics for you to peruse as you contemplate your return: |
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Food and Wine magazine reports that the gum's manufacturer, Ferrara Candy, announced this week that it will discontinue the gum. |
Ferrara Candy did not respond to USA TODAY's request for comment but, in a statement, told Food and Wine magazine: "We have made the difficult decision to sunset Fruit Stripe Gum." |
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. | | | | Annual inflation moved higher in December after declining the previous two months. Core price gains, which exclude food and energy, slowed. | | | | | The move opens up bitcoin investing to a larger swath of the public, including potential investors who never quite understood what bitcoin is. | | | | If you and your spouse divorced in 2023, you will have to learn a new set of rules for paying taxes in 2024. | | | | Had or adopted a child in 2023? What new parents need to know about tax credits and deductions. Importantly, the enhanced Child Tax Credit went away in 2022. | | | | Here are the 7 best markets for first-time home buyers based on affordability, price growth potential. commute times, culture and more. | | | | Fruit Stripe Gum manufacturer Ferrara Candy announced that it's discontinuing the beloved brand this week. It's been around for more than 50 years. | | | | U.S. wage growth has been outpacing inflation, finally giving households as much purchasing power as they had before the run-up in prices, studies say | | | | Walmart announced new technologies that aim to improve customers' shopping experience, including more drone deliveries and AI-powered tools. | | | | You've never filed a tax return. You're wondering if this could be the year. Here are 5 tips for first-time filers. | | | | You lost your job in 2023. And now, to add insult to injury, you have to file a tax return to report all the income you didn't earn. | | | | | | Sign up for the news you want | Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you. | | | | | | |
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