The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Tue Dec 12 2023

Jessica Guynn | Senior tech and economic opportunity reporter

Will the Federal Reserve raise interest rates? Tune in Wednesday to find out.

The Fed is expected to leave its key interest rate unchanged for the third straight month. The pause follows aggressive rate hikes dating back to March 2022, a period in which the central bank raised rates 11 times to a 22-year rate high of 5.25% to 5.5%. The goal was to make borrowing more expensive to cool down the economy and surging inflation.

Federal Reserve Bank building.

Getty Images

What to do when you get an unexpected holiday gift

We've all had it − that terrible sinking feeling when someone gives you a holiday present but you have nothing to give them in return. Here are some tips on how to reciprocate without being awkward.

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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.