Friday, January 24, 2025

Can Trump lower interest rates?

Plus: The shoe of the future? ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
Read in browser
 

The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Fri Jan 24 2025

 

Betty Lin-Fisher Consumer reporter

@blinfisher

Good morning! This is Betty Lin-Fisher with Friday's consumer-focused edition of The Daily Money.

President Donald Trump said on Thursday that he'll demand lower interest rates immediately during video remarks made at the World Economic Forum.

Trump revived a campaign he waged during his first term: trying to browbeat Federal Reserve Chair Jerome Powell and other Fed officials into lowering rates, reports my colleague Paul Davidson.

870006586

President Donald Trump said he'll demand lower interest rates immediately from the Federal Reserve.

Matt Cardy, Getty Images

Will an AI-designed 3D printed slide shoe catch on?

Last week, I interviewed Joe Foster, the 89-year-old co-founder of Reebok and Ben Weiss, a 25-year-old entrepreneur. The two have teamed up with other advisers, including Kevin Harrington of Shark Tank fame, to release what they say is the first AI-designed, fully 3D printed shoe commercially available to consumers.

The slide shoe, which sells for $149.99, gets its design inspiration from a yacht and a spaceship, Weiss said.

The team is banking on the popularity of slides being big with the work-from-home-culture.

Take a look at the story I worked on with some really cool graphics from my colleague Stephen Beard.

📰 Consumer stories you shouldn't miss 📰

Have prices really gone up? NPR has been tracking prices at a Georgia Walmart for six years.
Heated clothes can keep you warm.
When does tax season start?
The newest Universal resort is space-themed.
Could you be owed a stimulus check?

Let's have an Uncomfortable Conversation About Money

The next story in my Uncomfortable Conversations About Money series will run on Sunday. This month, I'm tackling the awkwardness of asking your family to borrow money. You can read the latest story – and watch an accompanying video – on my staff page Sunday morning.

I'm always looking for more topics to add to my growing list. What Uncomfortable Conversation About Money do you want advice on?

I'm also always looking for people willing to talk to me about their dilemmas – or share their wisdom on how they handled it.

The next topics I'm tackling are:

How should you split the bills and expenses when you move in with a significant other and your incomes are vastly different? 

What should you do when your spouse or partner's ex asks for money?

If you or someone you know is willing to talk to me, email blinfisher@USATODAY.com  with "Uncomfortable Conversations" in the subject line. 

About The Daily Money

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.

U.S. President Donald President Trump on the Oval Office.

President Trump said if oil prices come down he'll demand lower interest rates immediately, adds he knows rates 'much better' than Fed officials

.
 

The shoe of the future? Check out this historic design

Reebok Founder Joe Foster has teamed up a young entrepreneur to design what they say is a piece of history.

How to stay extra warm with heated clothes
 

How your clothes can keep you extra warm in the cold

Warm up your wardrobe with these simple solutions to combat a cold day.

The Internal Revenue Service has announced that IRS Free File will begin accepting individual tax returns as of Jan. 10, 2025, for the 2024 tax season.
 

When to file taxes: Key dates for 2025 tax filing season

Here's a look at key dates in the tax filing season, including deadlines to file, when to request extensions and how long until you get your refund.

Universal Orlando Resort's newest hotel, Universal Stella Nova Resort, officially opened on Jan. 21, 2025. Here are some of the first guests to arrive to the resort.
 

Universal's new hotel has an epic space theme: See inside

Stella Nova is the first of three new hotels opening in connection with Universal Orlando's new Epic Universe theme park.

A family's stimulus check from the U.S. Treasury for the coronavirus disease (COVID-19) aid arrived in the mail in Milton, Massachusetts, U.S., March 25, 2021.
 

Could you be owed some cash? IRS distributes $1,400 stimulus checks

The IRS is distributing $2.4 billion worth of stimulus checks to taxpayers who didn't claim the Recovery Rebate Credit on their 2021 tax returns.

A Costco Wholesale warehouse sign is seen outside of a store in Silver Spring, Maryland, on August 5, 2023.
 

Costco shareholders reject anti-DEI proposal. Here's why they did.

Costco shareholders voted down an investor proposal from a right-leaning think tank that urged management to investigate the business risks of DEI.

Colorful Valentine's Day balloons are seen in the foreground as a woman picks stuffed animal gifts at Walgreen's in New Bedford, Massachusetts.
 

Trend inspires users to create Valentine's Day baskets for $20

Fabiola Reyes' video of her creating a Valentine's Day gift basket for under $20 has garnered more than five million views on TikTok.

A Big Lots store in North Carolina. The leases for more than 460 Big Lots locations are being sold as part of the company's bankruptcy process.
 

Big Lots: What locations are for sale? Here's the list.

As Big Lots' bankruptcy process continues, more than 460 locations are likely closing because their leases are on list of those for sale.

USA TODAY
 

Download USA TODAY's app to get to the heart of news

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.

SEE ALL NEWSLETTERS 

Newsletters   |    eNewspaper   |   Crosswords

Follow Us

Problem viewing email? View in browser

LiveIntent Logo AdChoices Logo

No comments:

Post a Comment

❤️ Casserole Recipes You'll LOVE

#6 is a blast from the past!  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ...