Europe looks to step back from U.S. Big Tech
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 16 March 2026
⏱️ 7 minutes
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Summary
Is Europe's reliance on U.S. tech a vulnerability? With geopolitical uncertainties growing under the second Trump administration, governments and institutions abroad seem to think so. The International Criminal Court announced that it's ditching Microsoft, and government employees in France will use an open-source alternative to Zoom. Today, we dig into "digital sovereignty." Also on the show: new homeowners turn to buy now, pay later to deal with expenses, and we'll preview the Fed's interest rate meeting this week.
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| 0:00.0 | Programming is supported by Stoll Reeves, a leading U.S. corporate litigation law firm providing sophisticated business clients' high-quality legal services with offices in seven states and Washington, D.C. |
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| 0:31.0 | What is J-PAL thinking now? From Marketplace, I'm Nancy Marshall-Genzor in for David Bancaccio. The Federal Reserve's two-day meeting on interest rate starts tomorrow. So let's take a look at some key economic data we got last week and what it could mean for the path of rates. For more, we're joined by Julia Coronado. She's founder and president of macro policy perspectives and a professor at the |
| 0:55.4 | University of Texas, Austin. Good morning, Julia. Good morning. So last week, we got the official |
| 1:01.1 | government estimate of how fast the economy grew in the last three months of 2025. Fourth quarter |
| 1:07.3 | growth was cut in half. How significant will that be for the Fed? |
| 1:12.5 | Well, right now that is looking in the rearview mirror. And so in a moment where we have a big shock |
| 1:20.3 | in the form of an oil shock and an uncertain war, it will be more important for the Fed to look forward. |
| 1:26.8 | And even then, it's an uncertain outlook. |
| 1:29.6 | So I think the Fed is going to be sounding a calm tone and saying that they're going to wait |
| 1:35.6 | and see and gather more information. Okay. So no interest rate cut this week, probably. |
| 1:40.2 | And none any time soon. The Fed is still looking at conflicting tensions with still high |
| 1:47.4 | inflation that's going to go higher with oil prices. And that's one of their mandates. But also |
| 1:52.8 | an economy that's okay, but certainly not booming, a labor market that looks a little wobbly, |
| 1:58.9 | but okay. You know, these are competing influences on |
| 2:03.0 | interest rates. And so for now, it's a wait and see. Julia Cornado, founder and president of |
| 2:08.9 | macro policy perspectives. Buy now pay later products are now a common way for Americans to buy |
| 2:15.5 | things. And recent data out from the J.P. Morgan Chase Institute |
| 2:19.4 | found that these services are becoming increasingly important during and after the home buying process. |
| 2:26.1 | Marketplaces Kimberly Adams has more. |
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