Fed digests inflation report
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 13 September 2023
⏱️ 1 minutes
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Summary
Stocks close mixed; Fed takes in inflation report; UAW negotiations ongoing; McCarthy presents plan to avoid government shutdown.
Transcript
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| 0:15.8 | I'm Henry App with the Marketplace Minute. |
| 0:18.0 | Stocks closed mixed today. The Dow was down two tenths of a percent. |
| 0:21.6 | The S&P 500 rose a tenth of a percent. |
| 0:24.3 | And the NASDAQ climbed nearly three tenths percent. |
| 0:27.5 | Rising inflation seen in today's consumer price index report for August will factor into |
| 0:32.4 | federal reserve policy makers' interest rate decision next week. |
| 0:36.4 | Prices rose six tenths of a percent last month driven mostly by more expensive gas. |
| 0:41.6 | Many economists expect the Fed to hold interest rates steady at its next meeting. |
| 0:46.3 | The head of the United Auto Workers says the union is making progress and talks with |
| 0:50.5 | the big three car makers. The sides face a deadline at midnight on Thursday to reach deals. |
| 0:55.6 | About 150,000 workers could go on strike if the union does not reach contract agreements |
| 1:00.9 | with Ford, GM, and Stellantis. |
| 1:03.7 | And Speaker of the House Kevin McCarthy met with House Republicans to outline a plan |
| 1:07.6 | that would avoid a government shutdown at the end of this month. |
| 1:10.4 | But hardliners are seeking more spending cuts and are threatening to oust McCarthy from his post. |
| 1:16.0 | I'm Henry App with the Marketplace Minute. |
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