A turning point for the “vibecession”?

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 2 September 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Consumers’ long-term economic outlook were a bit more positive in August, data from the University of Michigan shows. So if your in-laws were in a better mood on Labor Day than they were, say, on the Fourth of July, that could be why. In this episode, we get into why some Americans are feeling good about the economy while others still feel like they’re struggling to make ends meet. Plus, pediatricians have to make tough decisions about how many COVID-19 vaccine doses to purchase and new Department of Transportation rules require airlines to reimburse passengers’ costs for canceled and significantly delayed flights, no matter the cause.

Transcript

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0:59.0	Are consumers finally starting to feel better about this economy?
1:04.0	Plus pick your fun this holiday, cooking, music, we've got a bit of it all.
1:09.0	From American public media, this is Marketplace. In Washington, D.C. I'm Kimberly Adams, in Kagan,
1:20.0	in Washington, D.C. I'm Kimberly Adams in F Kai Risdall. It's Monday, the 2nd of September, Labor Day, good to have you along.
1:28.0	So how are the vibes at your Labor Day barbecue? Any better than at the 4th of July cookout? I ask because we got some
1:35.8	data Friday suggesting that the American consumer is in a slightly better mood now.
1:41.3	According to the University of Michigan Michigan for the first time in five
1:44.4	months consumer sentiment actually improved. Marketplace's Matt Levin reports on
1:50.1	whether that so-called vibe session is maybe turning a corner.
1:54.8	So just to kind of remind you where the economy is right now, the Fed seems to be finally
1:59.8	getting closer to its inflation target.
2:02.6	GDP grew at about 3% last quarter, which is really good.
	...

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