Decoding Economic Health: Inflation, Growth, and Employment Trends

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 3 April 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Explore the latest on inflation, employment, and growth trends, and what it means for the future of the US economy. How is the economy doing right now and what does it mean for inflation, growth, and jobs? What do recent credit card settlement news and updates on inflation rates mean for your finances? Hosts Sean Pyles and Anna Helhoski delve into the current state of the economy, dissecting the latest data on inflation, growth, and employment. Joined by NerdWallet data journalist Elizabeth Renter, they explore how the economy is faring amid ongoing challenges. From the robust labor market and its impact on wages to the intricacies of inflation and its implications for consumers, they provide insights into the broader economic landscape. They seek to give listeners a deeper understanding of key economic indicators and how they could shape your financial decisions. Then, in this week's Money News roundup, Sean and Anna discuss a credit card settlement potentially affecting premium reward cards, updates on inflation rates, and the legacy of Daniel Kahneman, a pioneer in behavioral finance. In their conversation, the Nerds discuss: the economy, inflation, growth, employment, credit card settlement, financial decisions, consumer confidence, labor market, wage growth, Federal Reserve, interest rates, GDP, economic indicators, Daniel Kahneman, behavioral finance, money news, consumer spending, unemployment rate, inflation rates, market value, price growth, Federal Reserve interest rates, economic outlook, GDP growth, consumer sentiment, labor supply, labor demand, price levels, real GDP, swipe fees, interchange rate, rent inflation, housing prices, annual rate, economic landscape, economic data, macroeconomic phenomena, economic trends, and money headlines. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:30.8	Welcome to NerdWallet's Smart Money Podcast.
0:33.4	I'm Sean Piles.
0:34.3	And I'm Onahil Hoski.
0:35.7	And this is our weekly Money news roundup, where we
0:38.2	break down the latest in the world of finance to help you be smarter with your money. We'll go deep
0:42.3	into a single topic and then leave you with the latest money headlines. Today, we're talking about
0:47.1	how the economy is doing. That's right. We're looking at what the data shows, which seems to be still
0:52.3	at odds with how people feel about it. The most recent consumer sentiment surveys out of the University of Michigan show that confidence
0:58.8	in the economy remains higher than its historic lows in summer 2022, but still well below
1:04.3	pre-pandemic levels. In other words, people are starting to feel a little bit better about
1:08.4	the economy, but they're not exactly enthusiastic. Today, we're going to focus on three indicators of how the economy is doing,
1:15.7	inflation, growth, and employment. To help us sort through what the data means, we're welcoming
	...

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