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. |
Will the Federal Reserve lower its key interest rate by a typical quarter percentage point this week, or an outsized half-point? |
The difference between the two possible approaches to the first Fed rate cut since 2020 may sound trivial, Paul Davidson reports. After all, Fed officials are expected to launch a flurry of rate reductions now that inflation and job growth are both slowing notably, likely juicing the economy and stocks. As a result, a small decrease could be followed by larger ones in the next few months, or vice versa. |
But the Fed's decision at the end of a two-day meeting Wednesday could move stock and bond markets and reveal whether officials are more concerned about stamping out inflation's final embers or propping up a labor market that has been cooling a bit too rapidly for most economists' comfort. |
Women are losing ground in DEI fight |
Corporate commitments to increase the number of women in the leadership pipeline are slipping amid mounting attacks on diversity, equity and inclusion, Jessica Guynn reports. |
Employers surveyed by LeanIn.org and McKinsey & Co. are scaling back programs intended to advance women's careers. The pullback is deepest for women of color, with companies reporting some of the sharpest declines in programs that boost their career prospects, the survey found. |
Bottom line: Too few women − especially women of color − are advancing into management positions. At the current rate of progress, it will take nearly 50 years for women to reach parity in corporate America. |
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Boar's Head liverwurst won't be available for purchase or consumption ever again. |
The decision to "permanently discontinue" the deli meat was announced Friday, months after the discovery of an ongoing listeria outbreak was tied to a "specific production process" that caused 57 hospitalizations across 18 states, including nine deaths as of late August, USA TODAY reported. |
The Centers for Disease Control and Prevention was made aware of the deadly outbreak on July 19, choosing to issue a recall for 207,528 pounds of Boar's Head liverwurst seven days later. |
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 could lower its key interest rate by a quarter point or half point Wednesday as inflation eases and the job market slows. | | | | "For the first time in 10 years, we are seeing a drop in companies' commitment to both gender and racial diversity," LeanIn CEO told USA TODAY. | | | | Deli meat manufacturer Boar's Head, said executives "have decided to permanently discontinue liverwurst" connected to a massive listeria outbreak. | | | | Multiple searches don't affect the airfares you see, but that kind of change could be coming. | | | | Physical bank branches have been closing down at a rate of 1,646 branches on average per year since 2018. A new report suggests they could go extinct. | | | | If you're hunting for a great deal on a new vehicle right now, these interesting but slow-moving options might increase your negotiating power. | | | | Prime Day deals will be available for Amazon Prime customers this fall, from Oct. 8-9 in 19 countries. | | | | The Federal Reserve's expected to cut rates this week, but will it make a difference to Americans? Here's what you need to know about a Fed rate cut. | | | | Escalating email exchanges can create tension and damage working relationships. When emotions are running high, it's essential to step back and pause. | | | | 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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