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Monday, November 22, 2021

The Daily Money: Jerome Powell redux

In today's Daily Money newsletter, we have insights on the Fed, grocery prices, car companies and Thanksgiving travel trends. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Monday, November 22

Welcome to Thanksgiving week! Let's jump right into it.

πŸ§… Prepping your holiday meals? Watch out for recalled onions.

πŸ’° The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

On to our ...

πŸ’‘ INSIGHT OF THE DAY: Once upon a time, American car companies couldn't keep up with Germany's luxury automakers. Those days are gone. With General Motors and Ford making strides with their electric vehicle plans, they are trading at a 20% premium to their German luxury rivals, according to Sanford Bernstein auto analyst Arndt Ellinghorst. Suddenly it's Mercedes, BMW and Audi playing catch-up.

πŸ“° And here are more stories you won't want to miss:

1. Jerome Powell is coming back: President Biden nominated him for another term as Fed chair.

2. Yes, car prices are sky high. But our Michelle Shen managed to save $10,000 on her new electric vehicle. Here's how.

3. Grocery prices are up: Use these credit card tips to save.

4. Taking a road trip this Thanksgiving: Here are the worst times to hit the road.

🚦 No matter what you do, never drive back to Washington, D.C., on the Sunday evening after Thanksgiving.

Federal Reserve Chair Jerome Powell expressed optimism on Sunday, May 17, 2020 that the U.S. economy can begin to recover from a devastating recession in the second half of the year, assuming the coronavirus doesn't erupt in a second wave. He's shown here during a March 3, 2020 news conference.
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