The Daily Money: One more Fed rate hike for the road to end 2022?

The Federal Reserve likely gets the spotlight one final time in 2022, with its widely expected interest rate hike. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Wednesday, December 14 Welcome to Wednesday, Daily Money readers. It's Brett Molina here to guide you through Hump Day with the top stories in business and tech. The Federal Reserve likely gets the spotlight one final time in 2022, with its widely expected interest-rate hike. The central bank is expected to raise rates by 0.50 percentage points. It would be the seventh rate hike of the year. More importantly, the Fed may hint at its plans for interest rates in 2023. The Fed has been hiking rates to tamp down inflation, which remains elevated even after Tuesday's consumer price index report showed a significant drop. Of course, USA TODAY has you covered. Keep up with live updates of the Fed's announcement. Fed impact: Carrying deofbt grows tougher. Again. A potentially smaller rate hike won't help millions of Americans either carrying credit card debt or scouring the market for a new home. If you own a fixed-rate mortgage, you shouldn't feel any impact. However, if you're looking to lock in a mortgage, it will be under a much higher interest rate than a year ago. Meanwhile, credit card interest rates could likely jump again, meaning any debt you hold on to through an account will become more expensive.  📰 More stories you shouldn't miss 📰 The FTX crypto scandal. How Sam Bankman-Fried's alleged scheme unraveled. We have a new world's richest person. Elon Musk falls to second, says Forbes. Car recall alert. Ram recalls 1.4 million pickup trucks for a tailgate issue. Flight delays for organs. Why the system to transport donations needs to change. 🍔 Today's Menu 🍔 Domino's wants to tip you for ordering a pizza. The catch: you have to pick it up yourself. Also important to note the tip applies to your next order.  About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Follow Brett Molina on Twitter: @brettmolina23. Live updates: Fed expected to hike interest rate (again). When will... The Fed is expected to raise the interest rate by 0.50 percentage points but people will be looking for clues to when it plans to stop and pivot. Fed's slower pace of rate hikes isn't much solace for those with debt. When does the Fed meet in 2023? Here's Federal Reserve schedule. What home values say about past and present racism in your community OPINION How officials allege Sam Bankman-Fried risked FTX investor money Organ transplants can be extra risky if transit takes too much time 1.4 million Ram trucks recalled because cargo could spill unexpectedly Elon Musk is no longer the richest person in the world, Forbes says Opening date for first US Super Nintendo World revealed Eggo fined $85K for toxic gas release at waffle factory in California   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102