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. |
After a year of sitting on the sidelines, the Federal Reserve finally cut short-term interest rates by a quarter-point. It's perhaps the most boring financial news out there, given that many market watchers expected just what the Fed delivered. |
Middle class consumers are losing faith |
America's middle class is spooked about the economy. |
Consumer confidence has been falling for most of the past year. On a closely watched University of Michigan index, consumer sentiment sagged to 55.4 in September, down from 70.1 a year ago. Another index of consumer sentiment, measured daily by Morning Consult, shows that middle-class consumer confidence fell off a cliff this summer. |
Some companies still love remote work |
Across much of America, workers fear their options for remote work are slipping away. |
The news cycle churns with headlines about companies recalling workers to the office, from Amazon to Starbucks. President Donald Trump ordered federal employees back to the office earlier this year. |
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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. | | Interest rates for credit cards and some other loans will head down, now that the Fed has cut short-term interest rates for the first time in 2025. | | Consumer confidence has been falling for most of the past year. On a closely watched index, consumer sentiment sagged to 55.4 in September. | | | | Remote work is alive and well, at least for now. These companies have embraced work-from-home as a permanent philosophy. | | | | Gallup found 54% of U.S. adults say they consume alcohol, a record low amid growing health concerns surrounding alcohol consumption. | | | | Support behind a boycott of Chobani products is building after the New York-headquartered company recently announced a controversial new partnership. | | | | As part of CEO Brian Niccol's 'Back to Starbucks' strategy, the company will cut 900 non-retail jobs and close some underperforming coffee houses. | | | | Electric vehicles use complex electrical systems to deliver power to wheels. Are these systems harmful to human drivers? | | | | If you don't have a strategy for taking money out of your retirement accounts, your accounts could run dry too soon. | | | | Supporting working parents is essential. Learn why it matters and get expert tips to build a truly family-friendly workplace. | | | | 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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