Are we there yet? How about now?

Marketplace

News, Business

4.6 • 8.6K Ratings

🗓️ 28 November 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’ve been talking about making an economic “soft landing” for over a year — but how will the Federal Reserve know we’re there? In this episode, Chicago Fed President Austan Goolsbee tells us what indicators he looks at to gauge inflation trends and why cooling the economy is sorta like cooking a turkey. Plus, we’ll answer some business world questions: How is the chemicals sector doing after a pandemic boom? Why are corporate profits trending down? What does a board of directors do?

Transcript

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0:00.0	It's the sound of another sale on Shopify, the all-in-one commerce platform to start, run, and grow your business.
0:08.0	Shopify is the commerce platform revolutionizing millions of businesses worldwide, covering all your sales channels,
0:16.3	from the Shopfront Ready POS system to its all-in-one e-commerce platform. Shopify even gets
0:22.2	you selling across social media marketplaces like Facebook,
0:25.6	Instagram and Tik-Tock.
0:27.6	It's time to get serious about selling and get Shopify today.
0:31.7	Sign up for a one pound per month trial period at Shopify today. today. Sign up for a one pound per month trial period at shopify.co. UK slash marketplace, all lower case.
0:39.3	Go to shopify.co.uk. marketplace to take your business to the next level today.
0:45.0	Shopify. co. UK slash Marketplace.
0:48.0	Hey everybody it's Kai you're looking for a way to show off your love of
0:51.2	Marketplace this winter. Well look no further we've
0:53.7	got Marketplace hoodies, beanies, mugs, and new marino wool socks too. Stay cozy
0:58.6	this winter while making it clear that you support public service journalism. Check out all of our thank you gifts and make your year in donation now at marketplace.org
1:07.0	slash donate.
1:08.0	How do you feel about data?
1:14.0	Because we're going to do a lot of it.
1:17.0	From American public media, this is marketplace. is market plans. In Los Angeles, I'm kind of Rizd It is Tuesday, today, the 28th of November.
1:34.9	Good as always to have you along, everybody.
1:37.4	A quick check of data as we get going today
1:40.6	on the state of play in this economy. You will see why I'm starting here in just a second, by the way.
1:46.7	Inflation, as measured by the consumer price index, sits at 3.2% year on year. Lower than it was, but still higher than the Fed wants it to be.
1:56.3	Unemployment is at 3.9%. The economy overall is growing at 4.9% as of the last reading.
	...

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