The Daily Money: Fed expected to raise rates, signal a pause if inflation eases

After a series of aggressive interest rate hikes, the Federal Reserve is expected to approve one more quarter-point increase before signaling a pause.

Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Tue May 2 2023 Bailey Schulz | Money Reporter @bailey_schulz Happy Tuesday, Daily Money readers. It's Bailey Schulz here to bring you the day's top headlines. After a series of aggressive interest rate hikes, the Federal Reserve is expected to approve one more quarter-point increase on Wednesday before signaling a pause. A break from rate increases would be a relief for consumers and businesses struggling with higher borrowing costs and could ease the worries of investors battered by the market-dampening fallout from the 13-month rate hiking campaign. But this may not be the end of rate hikes. The Fed is expected to say it's prepared to raise interest rates further if inflation and the labor market fail to cool down, and officials don't expect rate cuts until next year.  Picture of the Federal Reserve Building Getty Images American Airlines pilots authorized a strike American Airlines pilots say they're prepared to strike if they don't reach a deal with management on a new contract. Members of the Allied Pilots Association, which represents American's pilots, said 96% of the airline's 15,000 pilots participated in an April vote on whether to strike, with more than 99% affirming the possibility of a strike. But a vote won't necessarily lead to a strike. Authorization votes are a fairly routine part of contract negotiations at airlines, and so far neither the union nor American's management are signaling that a work stoppage will actually occur. 📰 More stories you shouldn't miss 📰 • Subaru recalls 4,000 vehicles because of safety issues • JPMorgan CEO Jamie Dimon: 'This part of the crisis is over' after First Republic takeover • What's banned at Disney World? What guests should know before visiting. • FedEx Freight closing and consolidating 29 locations; furloughs planned • Is that Twitter account real? 4 ways to help you spot a fake account. 🍔 Today's Menu 🍔 Cinco de Mayo is just around the corner, and we've got the perfect round-up of food and drink deals for the holiday. Here are just a few of the savings we found: • Applebee's is celebrating spring with $6 cocktails and beer. • El Pollo Loco is offering new and existing Loco Rewards members a free Crunchy Birria Taco with the purchase of any Shredded Beef Birria entrée on Friday. • Sip on $6 Cinco 'Ritas on Cinco de Mayo at On The Border. About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.  Fed likely to raise rates again, signal a pause if inflation eases The Federal Reserve is expected to raise its key interest rate by another quarter point, then signal a long pause - if inflation eases as projected READ MORE Advertisement Don't panic as American Airlines pilots vote yes to strike American Airlines pilots voted in favor of a strike, but that doesn't mean it's going to happen. Here's what travelers need to know. READ MORE Cinco de Mayo deals: Score discounted tacos, margaritas and more Many restaurants offer deals on Cinco de Mayo, which commemorates Mexico's victory over France in the Battle of Puebla in 1862. READ MORE Subaru recalls 4,000 vehicles because of safety issues Subaru is recalling 4,000 2023 Impreza vehicles due to safety concerns. Forest River recalls over 100 vehicles. READ MORE JPMorgan CEO: 'This part of the crisis is over' JPMorgan Chase Bank CEO Jamie Dimon said this part of the banking crisis "is over" after regulators seized First Republic Bank early Monday. READ MORE 14 things banned at Disney World that you may not be aware of Don't pack these items for your next Disney trip. READ MORE FedEx Freight to close 29 locations, more furloughs planned FedEx Freight plans to close the locations later this year. The news comes as FedEx undergoes a significant consolidation throughout the company. READ MORE Is that Twitter account real? 4 ways to help you spot a fake account. Many users are refusing to pay for a little white tick in a blue circle. Here's how to tell if the person you're following is legit. READ MORE Akorn to shut down, recalls human, animal drugs Akorn Pharmaceuticals abruptly shut down in February, and has issued a recall of its human and animal drugs READ MORE Ford Super Duty pickup quality review is unprecedented, engineer says As Ford launches its all-new 2023 Super Duty truck with record orders that will take months to fill, quality details are checked and rechecked. READ MORE Advertisement 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. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? 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The Daily Money: When will prices for goods go down?

As inflation cools, some companies say they will stop or slow the rate of price increases.

Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Fri Apr 28 2023 We made it to Friday, Daily Money readers! It's Amanda Pérez Pintado with today's top headlines. Consumers have, so far, continued spending despite price hikes. But there's good news for shoppers. As inflation cools and consumers push back against higher prices, some companies say they will stop or slow the rate of price increases . Coca-Cola, for instance, expects to slow price increases this year, and Chipotle plans to pause price hikes.  And more companies could follow suit, according to Matt Kramer, national sector leader of consumer and retail for KPMG. Key inflation measure eases in March An inflation measure watched closely by the Federal Reserve cooled last month.  Consumer prices increased 4.2% in March from a year earlier, down from 5.1% in February, according to the Commerce Department.  A  measure of prices that excludes volatile food and energy items ticked up 0.3%, in line with the rise the previous month. 📰 More stories you shouldn't miss 📰 Employees were promised equal opportunity. Federal contractors are failing. Fed report: Fed failed to act forcefully to head off Silicon Valley Bank collapse and crisis The Container Store, Big Lots to accept Bed Bath & Beyond coupons for a limited time Stellantis plans to cut 3,500 hourly jobs, offer buyouts Health care workers can get free Chipotle to celebrate National Nurses Week 🍔 Today's Menu 🍔 Canned Wendy's chili: You can soon get Wendy's famous homestyle chili at the grocery store. Wendy's Chili with Beans will hit shelves with a suggested retail price of $4.99 per can. About The Daily Money  Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Ban of foam food containers, packing peanuts heads to Oregon governor The Oregon bill would phase out polystyrene foam dishware, packing peanuts and coolers. It would also ban PFAS in food packaging. READ MORE Advertisement Fed didn't act forcefully or rapidly to prevent SVB collapse, Fed report says Fed didn't move forcefully enough to prevent Silicon Valley Bank collapse, Fed report says. As SVB grew rapidly, Fed was slow to identify risks READ MORE Federal contractors made diversity pledges. Most of them are failing. Federal contractors who employ 1 in 5 Americans are required to give women and people of color opportunities to advance. Many do not, new data shows. READ MORE Lower food and energy prices slow inflation in March Inflation slowed again March, according to the Fed's preferred measure of price increases. But the PCE index showed core prices stayed high. READ MORE Amid rising prices for goods, consumers ask: When will it stop? As inflation begins to plateau, some companies say they will stop or slow the rate of price increases. READ MORE Chipotle to give away 'Burrito Care Packages' for health care workers Chipotle said 2,000 winners will get a "Burrito Care Package" to feed 50 people. READ MORE The Container Store, Big Lots to accept Bed Bath & Beyond coupons The Container Store and Big Lots will accept Bed Bath & Beyond coupons for a limited time after the retailer filed for bankruptcy protection. READ MORE Economy grew modestly in first quarter but a recession could be imminent Forecasters say a recession could begin as soon as the current quarter. High interest rates and inflation are starting to curtail growth. READ MORE Can Facebook's Meta continue revenue growth? Following three quarters in a row of year-over-year revenue declines, Meta's first-quarter revenue growth rate turned positive. READ MORE Disney v. DeSantis: The company sues claiming 'retaliatory' conduct In a lawsuit filed Wednesday, Disney says Florida Gov. Ron DeSantis orchestrated a 'targeted campaign of government retaliation' against the company. READ MORE Advertisement 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. SEE ALL NEWSLETTERS ➔ SEE ALL NEWSLETTERS ➔ Newsletters   |    eNewspaper   |   Crosswords Follow Us Problem viewing email? View in browser Unsubscribe  •   Manage Newsletters  •  Terms of Service  •   Privacy Policy/Your California Privacy Rights  •  Privacy Notice  •   Do Not Sell My Info/Cookie Policy  •  Feedback

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