The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wed May 1 2024

Betty Lin-Fisher | Consumer reporter

@blinfisher

Good morning. This is Betty Lin-Fisher with today's The Daily Money.

All eyes are on the Federal Reserve again this morning as the central bank once again ponders interest rates.

But it's like Groundhog's Day: the Fed is expected to take no action on interest rates at the end of its monthly meeting. That will leave interest rates at a 23-year high as the market ponders when the cutting will commence.

Follow along with USA TODAY's live Fed blog for the latest information. A decision is expected at 2 p.m. ET.

Usp News Jerome Powell Senate Banking Committee

Federal Reserve Chair Jerome Powell testifies to the Senate Banking Committee on the second of two days of semi-annual testimony to Congress in Washington.

Jasper Colt, USA TODAY

What's your time worth?

Time is money, but how much?

A new study asked Americans how much money they thought an hour of their time was worth.

Check out the results in a story written by my colleague, Medora Lee. The results may surprise you.

📰 Consumer stories you shouldn't miss 📰

•	Walmart is closing all 51 of its health centers. Find out why.
•	Feds have charged 16 in New Jersey in the "grandparent scam." Find out how to protect yourself.
•	Elon Musk says Tesla will have a $25,000 model in 2025.
•	Gambling is coming to Dave & Buster's.
•	Speaking of gambling, what to know before joining that Kentucky Derby office pool.
•	How does Netflix figure out what we want to watch?

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Feel free to share it.

Roughly two-thirds of adults over 50 believe older workers face discrimination in the workplace, according to a AARP report in February. Of that group, 90% believe ageism is commonplace.

Learn more about age discrimination and how you can make some changes to your resume to avoid it.

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.