The Daily Money: The Fed hints at more rate hikes
It's Bailey Schulz here to bring you Thursday's top news.
While recent reports show inflation easing and job growth slowing, it looks like we can expect yet another rate hike next month.
Federal Reserve Chair Jerome Powell on Wednesday said inflation remains "much too high" and signaled that the central bank will likely continue to push rates higher, albeit at a slower pace.
Overall inflation slowed to 7.7% annually in October from 8.2% the prior month, while job gains totaled 261,000 last month, down from an average 381,000 the previous three months.
🏴☠️ How to stop porch pirates 🏴☠️
As the number of package deliveries spikes around the holidays, so do the number of thieves.
Over the past 12 months, 260 million packages worth $19.5 billion were stolen by porch pirates, according to data from SafeWise, a home safety research company.
Personal finance and markets reporter Elisabeth Buchwald says there are a number of ways to protect your packages though, like signing up for delivery updates and having your package delivered to a secure locker.
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🍔 Today's Menu 🍔
Taco Bell's 7-Layer Nacho Fries. But you'll have to act fast.
Taco Bell officially removed its Enchirito – a soft flour tortilla filled with seasoned beef, beans and diced onions covered with red sauce and cheese – from its menu Nov. 30 after reintroducing the item on Nov. 17.
Another limited-time menu item, the 7-Layer Nacho Fries, is available for a few more weeks.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
You can follow Paste BN reporter Bailey Schulz on Twitter @bailey_schulz and subscribe to our free Daily Money newsletter here for personal finance tips and business news every Monday through Friday.