McCormick says sweet and spicy will still rule tastebuds in 2025

TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and McCormick’s pick for flavor of the year.

Transcript

00:00I'm Conway Gittins reporting from the New York Stock Exchange.

00:02Here's what we're watching on the street today.

00:04Modest losses across Wall Street as the Federal Reserve confirmed Wednesday

00:08that it is in pause mode, at least for now.

00:11At the Fed's first meeting of the year,

00:13policymakers decided to hold rates steady in the range of 4.25 to 4.5 percent.

00:18In its after-meeting press conference,

00:20Chairman Powell said the economy is in a good place,

00:23policy is in a good place, and quote,

00:25We do not need to be in a hurry to adjust our policy stance.

00:30Up next on Wall Street's agenda,

00:32the first look at fourth quarter GDP and quarterly results from Apple,

00:36Amazon, UPS, MasterCard, and Visa.

00:41In other business headlines,

00:43so many of us can't decide whether we like our food more on the spicy side or on the sweet side.

00:48And now we can have it both ways.

00:51That sweet and spicy desire for seasoning our food

00:54has given way to flavoring nicknamed swicy.

00:59And according to McCormick, swicy is the hot food trend for 2025.

01:04Along with the new buzzword comes the next hot ingredient to sprinkle on our foods.

01:09Aji amarillo is the McCormick 2025 flavor of the year.

01:13The seasoning, which literally translates to yellow chili pepper,

01:17quote, is a sweet, spicy blend with medium heat and tropical notes,

01:22oak smoke, garlic, and onion.

01:25The sweet taste has a fruity flavor similar to mango or passion fruit.

01:29While aji amarillo is already a staple in Peruvian cuisine,

01:34by crowning it the top spice of the year,

01:36McCormick is putting the spice on an even bigger international stage.

01:40You can sprinkle the seasoning all over meat, fish, stews, sauces,

01:44and it's even used to flavor drinks.

01:46A 2.1 ounce bottle will set you back by about 10 bucks.

01:50McCormick hopes it has a hit on its hands

01:52and will start selling the swicy spice in February.

01:57That'll do it for your daily briefing from the New York Stock Exchange.

02:00I'm Conway Gittens with The Street.