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. |
Big thanks to Betty Lin-Fisher and Baily Schulz for carrying on in our absence. We were on Georgia's Golden Isles with Hudson, the Daily Money Dog, to celebrate summer's end. | Hudson, the Daily Money Dog, enjoys low tide on St. Simons Island, Georgia. Daniel de Vise |
After nine months of holding its key interest rate steady, the Federal Reserve is widely expected to announce a rate cut tomorrow. |
The central bank's decision, whatever it is, follows months of President Donald Trump browbeating Fed Chair Jerome Powell for lower rates. |
Credit scores are dropping nationwide, reflecting America's struggles to stay afloat financially. |
What's a good FICO score, and how far have they fallen? Answers here. |
Finally, cars are getting cheaper |
Finally, some good news for car shoppers: new vehicle costs dropped this year. |
The annual cost to own and operate a vehicle is falling, according to AAA. Here are the numbers, and the reasons. |
📰 More stories you shouldn't miss 📰 |
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. | | While inflation remains above the Fed's 2% target, economists expect a rate cut this September to address the weakening labor market. | | The national average FICO score fell, reflecting diffculties Americans face in staying financially afloat. See which group is seeing the largest drop. | | | | The cost of owning a new vehicle fell from 2024, AAA data show. Higher electricity and lower gas prices also make EVs costlier to own than gas cars. | | | | After opening dozens of new bookstores, Barnes & Noble still has plans to open at least another 30 by December 2025. See the new locations. | | | | While the FDA is working on removing the cookware from shelves, it has identified more potentially impacted products. | | | | The Senate pushed through Stephen Miran's nomination to serve on the Federal Reserve board of governors. | | | | Savvy car shoppers who would rather save money than worry about getting the newest model features might aim their purchases at certain periods. | | | | Social Security's 2026 cost-of-living adjustment should make history, but it may not be enough. | | | | Farmers say lower prices for crops like corn and soybeans and rising operating costs are squeezing profits. | | | | 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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