The Daily Money: Outlook is for a warm winter but stormy stock and bond market

Meteorologists predict a warmer winter, but some market strategists worry fast-rising interest rates will chill the economy and stock and bond market.

Advertisement Read in browser Read in browser The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW Mon Oct 23 2023 Medora Lee | Money and Personal Finance reporter Federal Reserve Chair Jerome Powell says the neutral interest rate may be higher. Bloomberg, Bloomberg Good morning, it's Medora Lee from Chicago. I'm super excited forecasts are for a 75-degree day here tomorrow and even better, the National Oceanic and Atmospheric Administration said we may have an unusually warm winter! From a place that's been affectionately called " Chiberia" and has been through a polar vortex just a short couple of years ago, you can understand how exciting a mild winter is for us, even if it's because of El Nino. What's less happy, though, is the volatility in the stock and bond markets. The 10-year yield pierced 5% for the first time since July 2007 on worries the Federal Reserve will make good on a promise to keep interest rates high and because of ballooning government deficits. This is all weighing on stocks and the outlook for the economy, market strategists said. 📰 More stories you shouldn't miss 📰 Marriage of titans: Chevron buys Hess Corporation for $53 billion, another acquisition in oil, gas industry More recalls: Tesla, Ford and Kia among 120,000 vehicles recalled: Check car recalls here Tax breaks for plug ins: Drivers of Jeep, Kia plug-in hybrids take charging seriously. Here's why that matters. A Tesla Model S sedan is seen in February plugged into a Tesla Supercharger electrical vehicle charging station in Falls Church, Virginia. Saul Loeb, AFP via Getty Images 🍔 Today's Menu 🍔 How to choose your fiber: What are the healthiest grains? How whole grains compare to refined options. 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. Today's stock market news: Wall Street is drifting after a tough week The S&P 500 shook off a weak start and was up 0.3% in midday trading after its worst week in a month. READ MORE Advertisement You can get Dave's Hot Chicken for free on Drake's birthday If you visit a participating Dave's Hot Chicken restaurant on Tuesday, Oct. 24 you can leave with a free chicken slider or tender on Drake. READ MORE Does 'wealthy' have a number? 5 answers for what that means in America Wealth means different things to different Americans. We'll look at five numbers that define wealth in recent surveys and studies. READ MORE How 1 in 4 couples is giving up 'free money' in their 401 (k) plans One in four married couples leaves valuable retirement funds on the table by failing to claim employer matches in their 401 (k) plans, a study finds. READ MORE Here's how to get free fries at McDonald's every Friday in 2023 You can claim your free fries on Friday through the end of 2023 by making a minimum $1 purchase on the McDonald's app. READ MORE Chevron buys Hess Corporation for $53 billion in another oil acquisition The independent energy company Hess Corporation will be purchased by oil and gas giant Chevron for $53 billion, the companies announced Monday. READ MORE Tesla and Ford among 120,000 vehicles recalled: Check here Ford had several recent recalls including Mustang Mach-E, Lightning pickups and Explorers. There was a small recall of 13 2023 Toyota 4Runner SUVs. READ MORE Texas says social media censors too much. California claims the opposite. The dichotomy between blue and red states – in essence California vs. Florida and Texas – has played out in many arenas on many specific issues. READ MORE How these drivers really earn tax breaks PHEVs are the best emissions-saving technology for many drivers, especially in these early days of the transition to fully electric vehicles. READ MORE Your smartphone has an expiration date. Here's how to find it. The average lifespan of smartphones is around 2.5 years. Bigger brands like Apple and Samsung tend to have longer lifespans than smaller companies 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