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| Subscribe to The Daily Money newsletter, our roundup of each day's top stories from USA TODAY Money. |
| Good morning and happy Wednesday, Daily Money readers. Jayme Deerwester here with you, plugging away through another week. |
Today's top story |
| As the government sends free COVID tests to households across the nation, 400 million free masks are also on their way. Unlike the free testing kits which are ordered through a government website and shipped by the United States Postal Service, the free N95 masks will be available to pick up at "tens of thousands" of pharmacies and community health centers that have partnered with the federal government's COVID-19 vaccination campaign. |
| While the White House said the masks would be available for distribution starting this week, specific dates for all stores and locations are not yet available. |
| White House coronavirus response coordinator Jeff Zients said Friday it was the "largest deployment of personal protective equipment in U.S. history." |
$ Tax tips $ |
| Still doing your taxes the old-fashioned way, with pen and paper? Here's the problem with that: if you do your return manually, then it has to be processed manually. And given that the IRS is still working its way through a backlog, it could take longer. In fact, refunds from paper returns tend to take twice as long as those of returns filed electronically – six weeks versus three. So consider e-filing and receiving your refund via direct deposit this year. (You can find your routing and account number on your bank's app or website.) |
💡 Daily insight 💡 |
| Curtailing inflation without halting an economic expansion requires a deft touch. The last time inflation was at least this high, in the early 1980s, the Fed hiked rates too sharply, plunging the nation into two recessions. |
| So all eyes are on the Federal Reserve, which is expected to signal Wednesday that it will raise its key interest rate in March, kicking off what will likely be a series of at least three hikes this year, and possibly as many as seven, at least according to one research firm. |
| "The challenge is they could be behind the curve and have to move more aggressively than markets expect," says economist Kathy Bostjancic of Oxford Economics. "The risk is that they just go too much and they don't need to." |
Other stories you won't want to miss: |
| The queens of college sports endorsements? Cavinder twins of Fresno State are poised to make $1 million. |
| Yes, it is possible to shop without Amazon. If you had a bad experience, or just want an alternative, here's how to delete your Amazon account. |
| Pepsi responds to calls for boycott. Soda maker says it donated to Texas lawmakers before state put abortion ban in place. |
| The travelers you won't find at airports. Omicron has impeded travel for people with disabilities. |
| COVID-19 in the Caribbean. CDC says to 'avoid travel' to these 5 islands; will travelers actually listen? |
🎶 Mood music 🎶 |
| Today's lyric, inspired by the Cavinder twins and other student-athletes using the NIL policy to set up their futures, is a Destiny's Child classic, "Independent Women, Part 1": "If you're gonna brag, make sure it's your money you flaunt. Depend on no one else to give you what you want." |
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