A choose-your-own-economy adventure
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 14 April 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
We got seriously mixed signals from the consumer economy today. Retail sales dipped in March, while consumer sentiment ticked up. Is this economy headed for a soft landing or a cliff? Today, we parse the good, the bad and the downright confusing. We’ll also take the pulse of bank borrowing and check in on seasonal hiring ahead of higher-temps season.
Transcript
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| 0:00.0 | You know, this was one of those weeks in this economy where more happened than meets the eye. |
| 0:08.0 | From American public media, this is Marketplace. |
| 0:12.0 | In Los Angeles, I'm Kyle Rizzo. |
| 0:23.7 | It is Friday today, the 14th day of April. |
| 0:26.5 | Good as always to have you along. |
| 0:28.5 | Everybody, we're just going to jump right in because as I said, it has been a busy week. |
| 0:32.5 | Heather Long is at the Washington Post on a Swanson is at the New York Times. |
| 0:36.5 | Hey, you too. |
| 0:38.5 | Hi, Kyle. |
| 0:39.5 | So let's start with a little data analysis. |
| 0:41.5 | If we could, Heather, I'll hit the highlights. |
| 0:44.5 | The Consumer Price Index came in. |
| 0:45.5 | Inflation is in fact falling at the consumer level. |
| 0:48.5 | Still habit falling. |
| 0:49.5 | Producer prices, right? |
| 0:50.5 | Wholesale prices also falling retail sales this morning, though not, not great discuss. |
| 0:58.5 | It's sort of pick your own economy type of data. |
| 1:03.5 | You can certainly tell a case that looks pretty pessimistic about where things are heading and that the Federal Reserve really needs to keep hiking those interest rates, |
| 1:11.5 | because even though inflation was cooling off a little bit, they're still very far from their 2% target, |
| 1:18.5 | and not enough progress has been made. |
| 1:20.5 | You know, on the flip side, you can look through all of this data and tell a story that looks more like the Fed should start to sit on pause. |
| 1:28.5 | There's, you didn't mention, but it's certainly some of this lending data has come out as well, suggesting that it's, I don't know if I'd go as far, like my colleague did, |
... |
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