Fed Interest Rates, Mental Health Care, World Cup Preview

Up First from NPR

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4.5 • 52.8K Ratings

🗓️ 26 July 2023

⏱️ 13 minutes

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Summary

The Fed is expected to raise interest rates again. The Biden administration wants insurance companies to expand mental health coverage. The US plays the Netherlands in the Women's World Cup.

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Up First is produced by Nina Kravinsky and Shelby Hawkins. Our editors are Reena Advani, Rafael Nam, Diane Webber and Olivia Hampton. Our technical director is Zac Coleman with engineering support from Stacey Abbott.

Transcript

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0:00.0	Interest rates are higher than they've been in 20 years.
0:05.4	But not quite high enough to choke off inflation, so the Fed is expected to raise them again.
0:11.0	Are they achieving a soft landing for the economy?
0:13.5	I'm Layla Fauden, that's Stephen Skiepen.
0:15.7	This is up first from NPR News.
0:21.0	Our insurance company, Stiffing People Who Need Mental Health Care, President Biden
0:24.8	says, yes, and the U.S. is proposing a role to make sure mental health care is just
0:29.6	as accessible as treatment for your physical health.
0:32.7	Also much of the world has world cup euphoria.
0:36.0	In New Zealand today, the U.S. women's national team plays the Netherlands.
0:39.7	What are the prospects for the American defending champions?
0:43.6	Stay with us.
0:44.6	We've got the news you need to start your day.
0:54.3	Anybody with a credit card or in the market for a new house or a new car can feel the difference
1:00.0	in interest rates.
1:01.0	Yeah, rates are higher than they've been in decades.
1:04.2	The Federal Reserve repeatedly raised them to fight inflation.
1:08.1	It took a break last month, but this week, its key players meet again.
1:11.8	NPR Stacy Vanick-Smith will be at the Fed meeting today.
1:14.3	Hey, there's Stacy.
1:15.6	Happy Fed Day, Steve.
1:17.2	Oh, thank you, Delighted, that you joined us on this near holiday.
	...

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