Fed survey finds modest economic expansion
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 April 2024
⏱️ 1 minutes
🧾️ Download transcript
Summary
Stocks close down; employment rises modestly; price increases in line with previous surveys; car insurance jumps over the last year.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks closed down on Wednesday. The Dow |
| 0:08.0 | gave up a tenth of a percent, the S&P fell almost six tenth percent, and the |
| 0:12.4 | NASDAQ lost one and 1 10 percent. |
| 0:15.0 | The economy expanded modestly over the last few months, |
| 0:18.0 | according to a survey by the Federal Reserve. |
| 0:20.0 | It also found that wage growth has been slowing in several parts of the country. |
| 0:24.0 | That could cause consumer spending to slow too. |
| 0:27.0 | That said, other recent data have found that consumer spending is still strong. |
| 0:31.0 | The same report found that prices ticked up modestly as well, roughly |
| 0:35.1 | in line with previous Fed surveys, several respondents said insurance premiums |
| 0:39.2 | rose a lot for both businesses and homeowners. |
| 0:48.0 | Speaking of, car insurance costs 22% more in March on average than it did a year ago. That's according to the research company, JD Power. |
| 0:51.0 | Rising car insurance premiums are one reason that inflation has been sticking around. |
| 0:55.4 | I'm Justin Ho with the Marketplace placement Act. You're going to. |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.