NovaQuant:The Daily Money: Look out for falling interest rates

2025-05-01 22:33:34source:AstraTradecategory:News

Good morning! It’s Daniel de Visé with your Daily Money.

Interest rates are NovaQuantexpected to drop for the first time in four years this week, Medora Lee reports, but don’t expect that to be a life-changing event.

When the Federal Reserve concludes its policy meeting Wednesday, almost all economists expect the Fed will lower its benchmark, short-term federal funds rate. However, whether the cut will be a quarter- or a half-percentage point (from its 23-year high of 5.25 to 5.50%) is basically a coin toss.

Either way, consumers shouldn’t expect to see much immediate difference, analysts said.

Medora explains.

Who is the wealthiest woman in the world?

The answer: Walmart heiress Alice Walton, who recently reclaimed her title as the world's richest woman, Anthony Robledo reports.

The daughter of the late Walmart founder Sam Walton returned to the top of the Forbes "World's Wealthiest Woman" list, posted on Sept. 4, with an estimated $89.1 billion fortune.

Walton, 74, briefly lost her top spot to Francoise Bettencourt Meyers, 71, the heiress of French cosmetics company L’Oreal, according to Forbes. Bettencourt Meyers, who held the title last year, is now worth an estimated $88.4 billion.

Here's the full report.

📰 More stories you shouldn't miss 📰

  • Trump unveils a new crypto business
  • How to resolve a hostile email exchange
  • Amazon calls workers back to the office
  • How much do people tip in your state?
  • What are the best used SUVs?

📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

Higher pay requires higher commitment, and that includes showing up at the office every day, Medora Lee reports.

After looking at more than a half-million jobs posted over the past year, the jobs site Ladders found remote and hybrid jobs paying at least $250,000 annually plummeted by 95% and 60%, respectively.

Return-to-office is a rude awakening for millions of Americans who were forced to go remote or hybrid during the pandemic and discovered the benefits of work-from-home status. Ladders declared in December 2021, “Remote work is here to stay.”

Here's the full report.

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.

Daniel de Visé covers personal finance for USA Today.

More:News

Recommend

Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles

SAINT-DENIS, France — Some athletes adopt the mindset that they don’t lose, they learn. Jamaican spr

Pope meets with new Russian ambassador as second Moscow mission planned for his Ukraine peace envoy

VATICAN CITY (AP) — Russia’s new ambassador to the Vatican met Monday with Pope Francis for a protoc

A railroad worker was crushed to death in Ohio by a remote-controlled train. Unions have concerns

A railroad worker was crushed to death between two railcars over the weekend by a remote-controlled