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Wednesday 1 May 2024

Will the Fed make a move?

07:16

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Plus: What's your time worth? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed May 1 2024

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning. This is Betty Lin-Fisher with today's The Daily Money.

All eyes are on the Federal Reserve again this morning as the central bank once again ponders interest rates.

But it's like Groundhog's Day: the Fed is expected to take no action on interest rates at the end of its monthly meeting. That will leave interest rates at a 23-year high as the market ponders when the cutting will commence.

Follow along with USA TODAY's live Fed blog for the latest information. A decision is expected at 2 p.m. ET.

Usp News Jerome Powell Senate Banking Committee

Federal Reserve Chair Jerome Powell testifies to the Senate Banking Committee on the second of two days of semi-annual testimony to Congress in Washington.

Jasper Colt, USA TODAY

What's your time worth?

Time is money, but how much?

A new study asked Americans how much money they thought an hour of their time was worth.

Check out the results in a story written by my colleague, Medora Lee. The results may surprise you.

📰 Consumer stories you shouldn't miss 📰

Walmart is closing all 51 of its health centers. Find out why.
Feds have charged 16 in New Jersey in the "grandparent scam." Find out how to protect yourself.
Elon Musk says Tesla will have a $25,000 model in 2025.
Gambling is coming to Dave & Buster's.
Speaking of gambling, what to know before joining that Kentucky Derby office pool.
How does Netflix figure out what we want to watch?

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Feel free to share it.

Roughly two-thirds of adults over 50 believe older workers face discrimination in the workplace, according to a AARP report in February. Of that group, 90% believe ageism is commonplace.

Learn more about age discrimination and how you can make some changes to your resume to avoid it.

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.

Federal Reserve Chair Jerome Powell prepares to testify to the Senate Banking Committee on the second of two days of semi-annual testimony to Congress in Washington.

The Federal Reserve meets this week for the first time since high inflation readings dampened hopes that it will cut rates three times this year.

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Finding space and fun for a multigenerational family vacation is possible
 

Time is precious. Americans put a monetary value on it in a new survey

Americans value their time. See how much they think an hour of their time is worth and what they're willing to spend to gain more hours.

A grand opening is hosted in 2022 for on of the five Walmart Health centers in Jacksonville, Fl. The state was home to 23 of the 51 clinics located nationwide, all of which will soon be closing, Walmart announced Tuesday.
 

Walmart Health closing all centers: See the full list of locations

Walmart Health has clinics located next to its supercenters in five states: Arkansas, Georgia, Florida, Illinois and Texas. Here's a full list.

A group of Southwest Airlines Boeing 737 MAX 8 aircraft sit on the tarmac at Phoenix Sky Harbor International Airport on March 13, 2019 in Phoenix, Arizona. The United States announced it would follow countries around the world and grounded all Boeing 737 Max 8 aircraft following the crash of an Ethiopia Airlines 737 Max 8.
 

Southwest begins issuing $75 travel vouchers for delays: Who qualifies

If your Southwest Airlines flight is delayed, you may now be entitled to a travel voucher.

U.S. Attorney Philip R. Sellinger, District of New Jersey, announces the arrest of 40 individuals from five different criminal organizations at a press conference in Newark, N.J. on Wednesday Oct. 26, 2022. Members of the FBI, ATF, DEA, Passaic and Essex County Prosecutors and NJ State Police were in attendance.
 

Feds: 'Grandparent scam' defrauded older Americans out of millions

Prosecutors say the criminal group scammed hundreds of older residents across the Northeastern U.S. by impersonating loved ones.

Richard Gadd as Donny and Jessica Gunning as Martha in "Baby Reindeer."
 

Can't decide what to watch next? Netflix says it can help.

Can't decide what to watch next? Netflix says its entertaining categories can help you find the right TV shows and movies for you.

Skee-ball games at an entertainment facility.
 

Gambling coming to Dave & Buster's: Chain plans new wagering function

Dave & Buster's announced it will soon allow customers to wager on popular arcade games in its app.

Some airline fees and problems that affect them are eligible for reimbursement...and some aren't.
 

Can I get a refund if the seatback screen on my flight doesn't work?

Why you usually can't get a refund for a broken airplane screen, but you can sometimes get other fees or tickets refunded.

Tourists refresh themselves at the Trevi Fountain during a heat wave in Rome on Aug. 21 2023.
 

These European tourist hotspots have the most pickpocketing

From Italy to Spain, here are the 10 European countries with the worst pickpocketing, and the worst areas for petty theft.

Carnival Cruise Line's Carnival Jubilee ship.
 

What you should know about cruising with a mobility device

Cruise ships can offer guests who use mobility devices an accessible way to travel.

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