In no particular order, economists, they're just like us.

How much your money is going to cost.

And yes, you can get insurance for that.

From American Public Media, this is Marketplace.

In Los Angeles, I'm Kyle.

It is Tuesday.

Today, this one is the 28th of April.

Good as always to have you along, everybody.

If you get a bunch of economists and analysts in a room and you ask them to name the,

I don't know, top three most important factors in this global economy of ours, I am going to bet that most, if not all of them, have somewhere in that top three, the cost of money, interest rates.

So it is no small matter that this week is kind of a central bank of paloosa, if you will.

The Bank of Japan left its key rate unchanged this morning.

We're going to hear from the Bank of England, the Bank of Canada, and the Central Bank, too.

And the Federal Reserve's Open Market Committee meets today and tomorrow.

Almost certainly, by the way, Jay Powell's last get-together ends press conference as Fed chair.

Anyway, Marketplace's Justin Ho is going to get us going with what those central banks are up against

and how that might square or not with what the Fed is dealing with back here.

Central banks around the world are facing a similar dilemma.

David Kelly at JPMorgan Asset Management says on one hand, prices are rising.

Because what they've seen, particularly since the start of the Iran War, is this big increase in energy prices.

That's adding to inflation.

And central banks deal with inflation by raising interest rates.

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