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WSJ Your Money Briefing

Consumer Spending, Slow Job Growth May Factor Into Fed’s Rate Decision

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.11.7K Ratings

🗓️ 3 November 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

The Federal Reserve is expected to issue a decision on interest rates on Thursday, with one more scheduled for December. Wall Street Journal chief economics correspondent Nick Timiraos joins host J.R. Whalen to discuss how an uneven economy, and the presidential election, could impact the Fed’s plan in the months ahead. Sign up for the WSJ's free Markets A.M. newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

exchanges the goldman sacks podcast featuring exchanges on the forces driving the markets and the economy

0:07.4

exchanges between the leading minds at goldman sacks new episodes every week listen now

0:14.2

here's an early drop of monday's episode of your Briefing. I'm J.R. Weillen for the Wall Street Journal.

0:25.8

The results of the presidential election could play a role in upcoming interest rates decisions by the Federal Reserve. But Fed officials will navigate a tricky economic picture as they settle on a rates move this week.

0:38.6

So that's a puzzle right now. Does strong consumer spending lead the labor market to stabilize

0:43.8

and for growth to stop slowing? Or does slowdowns in labor income growth lead consumer spending

0:50.8

to slow in the months ahead? We'll talk to Wall Street Journal Chief Economics correspondent Nick Timmeros.

0:56.8

After the break.

1:11.0

This episode is brought to you by Diet Coke.

1:14.9

Time for a Diet Coke break.

1:18.4

Enjoy what you like.

1:21.7

Just how you like it.

1:25.8

This is my taste.

1:28.9

What's yours?

1:34.3

Celebrate your unique taste with Diet Coke.

1:48.6

The Federal Reserve is scheduled to announce two more decisions on interest rates before the end of the year,

1:50.9

the first of which is expected this Thursday.

1:55.0

Wall Street Journal Chief Economics correspondent Nick Timrose joins me.

1:58.4

Nick, we usually hear from the Fed regarding interest rates on Wednesdays.

1:59.7

Why Thursday this week?

2:02.0

Well, the election is on Tuesday.

2:06.7

They usually have a two-day meeting, so it seems that they did not want to start their meeting on Tuesday, so they pushed it back by a day just to have a little bit of space.

...

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