Americans Hate Inflation. That’s Bad News for the Fed.

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 10 June 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for June 10. Economists say higher inflation than the 2% the Federal Reserve is aiming for could help the Fed get out of possible downturns. But, as economics reporter Justin Lahart points out, inflation is unpopular among consumers. And Apple announces a software update that includes generative artificial intelligence. Plus, extreme weather is putting crops like olives, cocoa and grapes at risk. Reporter Jon Emont says that is raising prices for goods like olive oil, chocolate and wine. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:29.6	Apple announces a new software update that includes personalized generative artificial
0:33.9	intelligence and a higher inflation target may give the Federal Reserve
0:38.4	more options during an economic downturn if Americans didn't hate inflation so much.
0:44.0	It's just a big hassle to deal with inflation.
0:47.0	So if you think about it, it's not just that,
0:50.0	oh, I have to spend more money,
0:52.0	I have to figure out how to arrange my budget.
0:54.8	So this is mentally taxing.
0:57.0	Plus, extreme weather is making products like olive oil and cocoa more rare and more expensive. It's Monday, June 10th. I'm Alex
1:06.5	Osala for the Wall Street Journal. This is the PM edition of What's News,
1:10.4	the top headlines and business stories that move the world today?
1:14.0	Apple is embracing artificial intelligence.
	...

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