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, Jerome Powell edition. |
Despite intensifying political pressure, the Federal Reserve chair is standing by the central bank's wait-and-see approach to interest rate cuts. |
Powell repeated Tuesday that the Fed plans to assess the effects of President Donald Trump 's tariffs before lowering rates, brushing off mounting pressure from both Trump, his own Fed colleagues, and Republican lawmakers. |
Lawmakers seek answers to housing crisis |
As the housing crisis deepens across the United States, policymakers are increasingly looking for answers. |
On June 24, Rep. Rashida Tlaib, D-Michigan., brought concerns about housing costs to an unlikely venue: the semiannual testimony of Jerome Powell on Capitol Hill. |
More than half of the Black women in the counties Tlaib represents have experienced some sort of eviction, she said. Those numbers, she said, are "horrific." |
But what can the Federal Reserve do about the housing crisis? Answers here. |
📰 More stories you shouldn't miss 📰 |
Soon, original glazed doughnuts will no longer be dessert options alongside Oreo McFlurrys and Hot Fudge Sundaes: McDonald's and Krispy Kreme have announced the end of their partnership. |
Earlier this year, the fast food giant began offering three types of Krispy Kreme treats at about 2,400 McDonald's locations. |
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. | | Federal Reserve Chair Jerome Powell is standing by his wait-and-see message on interest rates despite Trump's pressure and Israel-Iran ceasefire deal. | | Some policymakers are taking any opportunity to look for responses to a deepening housing crisis. | | | | The 401(k) limit for 2025 for many savers is $23,500, but those working in their early 60s are allowed to save much more, if they can swing it. | | | | McDonald's and Krispy Kreme both announced the end of their partnership on Tuesday, after working together since 2023. | | | | Here's when AT&T customers could be paid from a $177 million settlement. | | | | US stocks end up, with the S&P 500 near its record high, as oil prices slid on Iran-Israel's ceasefire. Fed chair still says wait-and-see on rates. | | | | Hybrid cars are capable of traveling for amazing distances on a single tank of gas. This hybrid car gets the most driving range on a full tank. | | | | While the subject produces a lot of excitement, here's what they say could go wrong. | | | | A new report confirms what many Americans suspect: housing for renters and buyers is increasingly hard to attain. | | | | 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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