Good morning! This is Daniel de Visé bringing you your Daily Money update.

Big or small?

This week, will the Federal Reserve lower its main interest rate by the standard quarter percentage point, or a more significant half-point?

The difference between these two approaches in the upcoming Fed rate cut, the first since 2020, might seem minor, according to Paul Davidson’s report. Fed officials are anticipated to begin a series of rate cuts as inflation and job growth significantly decline, which could stimulate the economy and the stock market. Consequently, a smaller rate cut could lead to larger reductions in the months ahead, or the opposite could happen.

The Fed’s verdict, expected at the end of a two-day meeting on Wednesday, could impact stock and bond markets and indicate whether officials prioritize extinguishing the last signs of inflation or supporting a labor market that is cooling faster than many economists would like.

Here’s what to anticipate.

Women are facing setbacks in the DEI initiative

According to Jessica Guynn’s report, businesses are faltering in their promises to enhance the representation of women in leadership roles amidst increasing resistance to diversity, equity, and inclusion efforts.

Findings from a survey by LeanIn.org and McKinsey & Co. reveal that employers are retracting programs aimed at advancing women’s careers, with the downturn being most pronounced for women of color, who are seeing significant reductions in career advancement initiatives.

The conclusion: There aren’t enough women, particularly women of color, moving into management positions. At the current pace, it could take almost 50 years for women to achieve equal representation in corporate America.

🍔 Today’s Menu 🍔

Boar’s Head liverwurst will no longer be available for purchase or consumption.

This permanent discontinuation of the deli meat was declared on Friday, following the identification of a listeria outbreak connected to a “specific production process,” resulting in 57 hospitalizations across 18 states, and nine deaths reported as of late August, according to YSL News.

The Centers for Disease Control and Prevention learned of the outbreak on July 19 and issued a recall for 207,528 pounds of Boar’s Head liverwurst a week later.

What’s the deal with liverwurst?

About The Daily Money

Every weekday, The Daily Money brings you the latest consumer and financial news from YSL News, simplifying complex topics and offering concise summaries on how developments like Fed rate shifts or bankruptcies affect you.

Daniel de Visé covers personal finance topics for YSL News.