Whither interest rates?
Daniel de ViséGood morning! It’s Daniel de Visé with your Daily Money.
Big thanks to Betty Lin-Fisher and Baily Schulz for carrying on in our absence. We were on Georgia's Golden Isles with Hudson, the Daily Money Dog, to celebrate summer's end.
Now, the news.
After nine months of holding its key interest rate steady, the Federal Reserve is widely expected to announce a rate cut tomorrow.
The central bank’s decision, whatever it is, follows months of President Donald Trump browbeating Fed Chair Jerome Powell for lower rates.
FICO scores fall
Credit scores are dropping nationwide, reflecting America's struggles to stay afloat financially.
What's a good FICO score, and how far have they fallen? Answers here.
Finally, cars are getting cheaper
Finally, some good news for car shoppers: new vehicle costs dropped this year.
The annual cost to own and operate a vehicle is falling, according to AAA. Here are the numbers, and the reasons.
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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.