ALL THE MONEY NEWS YOU NEED TO KNOW | | | | | | Daniel de Visé | Personal Finance Reporter
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Good morning! It's Daniel de Visé with your Daily Money. |
The Fed's long-awaited interest rate cut, a move that's likely to juice the U.S. economy and stock market, may be just weeks away. |
The Federal Reserve stood pat on interest rates Wednesday but signaled it could start cutting as soon as mid-September, amid easing inflation and a cooling job market. |
"The economy is moving closer to the point where it will be appropriate to reduce our policy rate," Fed Chair Jerome Powell said at a news conference. "That time is drawing near. That time could be in September if the data support that." |
The latest on student loan forgiveness |
Keep a sharp eye on your email inbox in the coming days and weeks, student loan borrowers. Buried amongst the spam mail and coupons may be the latest information on debt forgiveness. |
The Biden administration has taken its next steps toward a solution for borrowers after the president's initial forgiveness plan was struck down in the Supreme Court in June 2023, Mary Walrath-Holdridge reports. The new initiative could provide relief for millions of Americans. |
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"All you can eat" is a mixed blessing. You won't overspend, but you may overeat. |
For better or worse, all-you-can-eat pancakes are back at IHOP. |
The breakfast restaurant chain is launching the promotion just in time for back-to-school season to "help families when schedules are tight and wallets are pinched from shopping," Gabe Hauari reports. |
The deal runs through September 15. |
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you. |
Daniel de Visé covers personal finance for USA Today. | | | | The Federal Reserve stood pat on interest rates but signaled a possible rate cut in September. Inflation has eased and the job market has cooled. | | | |  | Millions of Americans will be receiving an email from the Dept. of Education starting this week with new information on student loan forgiveness. | | | | All-you-can-eat pancakes are back at IHOP for a limited time. Here's what you need to know about the promotion this year, including when it ends. | | | | Retirees in these states could receive financial relief on the state level, but federal rules still apply. | | | | In a proposed class action, shareholders said they learned that CrowdStrike's assurances about its technology were materially false and misleading. | | | | The Facebook and Instagram parent said it anticipates third-quarter revenue in the range of $38.5 billion to $41 billion. | | | | 'Long butts' aren't in vogue yet: Lululemon pulled new leggings off shelves after complaints they were unflattering and made wearers' butts look long. | | | | The introduction of spot crypto ETFs provides a new and easy avenue for investors to gain exposure to digital currencies. | | | | E-commerce giant Amazon is responsible for recalling more than 400,000 dangerous products sold on its website, a federal agency ruled. | | | | Our app gives you award-winning coverage, crosswords, audio storytelling, eNewspaper and more. | | | | |  | 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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