The Daily Money: All eyes on interest rates
Daniel de ViséGood morning! It’s Daniel de Visé with your Daily Money.
The Federal Reserve is expected to announce a small, quarter-point cut to interest rates today, at the conclusion of its October meeting.
Here's an article assessing what that means for your wallet.
And here's our live coverage of the announcement. Be sure to check back at 2, when the decision is announced.
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📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
You don’t need a million dollars to be financially comfortable. A little over $800,000 will do. That’s the takeaway from a recent Modern Wealth Survey by Charles Schwab.
It may be mostly a matter of semantics, but American consumers see a big difference between the financial goals of comfort and wealth: A nearly $1.5 million difference, to be exact.
Daniel de Visé covers personal finance for USA TODAY. The Daily Money breaks down complex consumer and financial news.Subscribe here.