Inflation continues to cool down

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 29 March 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks close mixed; year-over-year inflation steadily ticking down; Fed chair Jay Powell says data in line with Fed’s expectations; consumer spending rises.

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Marketplace Minute.
0:03.0	I'm Justin Ho.
0:05.0	Stocks were mixed on Friday.
0:06.6	The Dow and the S&P rose about a tenth of our percent.
0:09.6	The NASDAQ fell a tenth of our percent.
0:12.4	Prices rose in February, up three-tenths percent from the month
0:15.0	before, according to the Bureau of Economic Analysis, prices were up 2.8 percent from the same time
0:20.2	last year after stripping out the volatile food and energy categories.
0:24.5	That number has been steadily ticking down for over a year now.
0:28.6	Federal Reserve Chair Jay Powell said those numbers are pretty much in line with the
0:32.0	Central Bank's expectations.
0:33.7	In a conversation with Marketplace's Kai Rizdahl, Powell reiterated that the Fed is in no hurry to cut
0:39.0	interest rates, but it also doesn't want to wait too long.
0:46.1	And the same report found that consumer spending rose 4.10% from the month before.
0:47.2	That was mostly thanks to international travel, air transportation,
0:50.7	insurance, and other services.
0:53.8	I'm Justin Ho with the Marketplace Minute. You're going to.

Please login to see the full transcript.

Previous episode | Next episode

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.