Consumers are growing optimistic about inflation
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 September 2023
⏱️ 1 minutes
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Summary
Consumers expect inflation to be at 3.1 percent in a year, lowest expectation in more than two years; UAW strikes against Detroit Three automakers; Media companies to resume negotiations with striking writers; Apple to update software in iPhone 12 models amid radiation concern.
Transcript
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| 0:17.5 | Consumers are growing optimistic about inflation. |
| 0:20.8 | I'm Novosafo with Marketplace Minute. |
| 0:23.0 | The University of Michigan's monthly survey finds consumers now expect inflation a year from |
| 0:27.9 | now to be at 3.1 percent. That's the lowest expectation in more than two years. |
| 0:33.4 | Inflation is currently at 3.7 percent. |
| 0:36.2 | Consumer expectations are important because they can influence prices. |
| 0:40.0 | Members of the United Auto Workers Union are on strike against GM, Ford, and Stellantis. |
| 0:44.8 | The initial walkout is limited to three Midwestern plants. |
| 0:47.7 | The union says the strike could grow depending on how long contract negotiations drag on. |
| 0:53.5 | The alliance that represents film, TV, and streaming companies says it will resume |
| 0:57.2 | negotiations next week with striking Hollywood writers. No talks planned with the actors union, |
| 1:02.2 | which is also on strike. Apple will update software in iPhone 12 models after French regulators |
| 1:09.1 | banned sales of the older phones. They claim the devices emit excessive electromagnetic radiation. |
| 1:15.2 | Apple says they're safe. I'm Novosafo with Marketplace Minute. |
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