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Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
Modest losses across Wall Street as the Federal Reserve confirmed Wednesday that it is in pause mode - at least for now. At the Fed’s first meeting of the year, policymakers decided to hold rates steady in the range of 4.25% to 4.5%. In his after-meeting press conference, Chairman Powell said the economy is in a good place, policy is in a good place, and “we do not need to be in a hurry to adjust our policy stance.”
Up next on Wall Street’s agenda: the first look at fourth-quarter GDP, and quarterly results from Apple, Amazon, UPS, MasterCard, and Visa.
Related: Inflation indigestion: How we're grappling with high food prices
In other business headlines, so many of us can’t decide whether we like our food more on the spicy side or on the sweet side - and now we can have it both ways. That sweet and spicy desire for seasoning our food has given way to flavoring nicknamed “swicy.” And according to McCormick, swicy is the hot food trend for 2025.
Along with a new buzzword, comes the next hot ingredient to sprinkle on our foods. Aji Amarillo is the McCormick 2025 Flavor of the Year. The seasoning, which literally translates to yellow chili pepper, “is a sweet, spicy blend with medium heat and tropical notes, oak smoke, garlic, and onion.” The sweet taste has a fruity flavor similar to mango or passion fruit.
While Aji Amarillo is already a staple in Peruvian cuisine, by crowning it the top spice of the year, McCormick is putting the spice on an even bigger international stage. You can sprinkle the seasoning all over meat, fish, stews, sauces, and it’s even used to flavor drinks. A $2.1 oz bottle will set you back by about 10 bucks. McCormick hopes it has a hit on its hands and will start selling the swicy spice in February.
That’ll do it for your Daily Briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.
