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, finally-caught-up-on-sleep, post-post-election edition. |
One day after Donald Trump's election victory, investors sent bond yields sharply higher. The "Trump trade" is likely to keep rates for home loans rising, Andrea Riquier reports, no matter how the Federal Reserve acts on interest rates this week. (More on the Fed soon.) |
That means anyone looking to buy a home or lock in a lower refinance rate will have to seize any chance they get over the next few weeks before rates head higher for what could be a while. |
What if the Fed cut rates and no one noticed? |
The Federal Reserve is likely to lower interest rates again this week, Medora Lee reports, but the cut may be so small that consumers hardly feel it. |
When the Fed concludes its policy meeting on Thursday, most economists expect the panel to trim its short-term benchmark fed funds rate by a quarter percentage point. It would be the Fed's second consecutive rate cut, but smaller than the half-point cut in September that kicked off the rate-cutting cycle. |
What Trump's win means for the economy |
President-elect Trump's plans for higher tariffs, lower taxes and more curbs on immigration are expected to reignite inflation, Paul Davidson reports. However, economic forecasters are divided on whether the policy moves would weaken or boost the U.S. economy. |
Eventually, higher levies on imports and immigration constraints are likely to more than offset the benefits of lower taxes on consumer and business spending, ultimately weakening growth, economists say. But probably not to the point of a recession. Here's the full analysis. |
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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. | | | | Bond yields have surged following the election. Anyone hoping for a lower mortgage rate will have to grab any chance they get in the coming weeks. | | | | The Fed is expected to cut rates for a second straight month but by a smaller amount. How and when consumers may feel the effects isn't as clear. | | | | Here's how Trump's victory in the 2024 election likely will affect the economy, including tariffs, taxes and immigration. | | | | Scam victims in the U.S. were also the hardest hit, losing on average $3,520 per victim. | | | | Elon Musk isn't the only captain of industry who may play a role in the second Donald Trump presidency. Meet the others. | | | | Musk could hold significant sway over government policy and the federal agencies that oversee his six companies, from Tesla to SpaceX to Starlink. | | | | The Fed is set to lower interest rates a quarter point Thursday. But it's more likely to slow, rather than speed up, 2025 cuts due to inflation | | | | Wall Street is anticipating lower taxes, deregulation and a US president who is quick to sound off on everything from the stock market to the dollar. | | | | The reasons for sky-high doctor salary are about supply and demand, long hours and the lure of the almighty dollar. | | | | 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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