Inflation Is Easing, So Why Doesn’t It Always Feel That Way? Your Questions Answered

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 18 August 2024

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inflation may be coming down, but when will prices –from items in our grocery carts to insurance premiums– stop climbing so fast? And when will wages catch up to make the cost increases of recent years stop hurting so much? WSJ economics reporter Harriet Torry and WSJ chief economics commentator Greg Ip answer your questions about how economic data and Americans’ everyday experience don’t seem to match—and what can be done about it. Luke Vargas hosts. Further Reading Why Inflation Might Not Win the Election for Trump Why the Fed Should Cut Rates Now—Not Wait Until September This Doesn’t Look Like Recession. Here’s How One Could Happen. Economic Growth Quickens, Rising at 2.8% Rate in Second Quarter Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:11.0	Take a free test drive of OI at oracle.com.
0:14.6	Wall Street.
0:15.6	Hey what's news listeners, it's Sunday August 18th.
0:19.9	I'm Luke Vargas for the Wall Street Journal, and this is What's News Sunday,
0:23.5	the show where we tackle the big questions
0:25.4	about the biggest stories in the news
0:27.0	by reaching out to our colleagues
0:28.4	across the newsroom to help explain
0:30.2	what's happening in our world.
0:31.9	And this week, inflation may be coming down, but when
0:35.5	will prices from items in our grocery carts to insurance stop climbing so fast? And
0:40.8	when will wages catch up to make the cost increases of recent years stop hurting
0:45.1	so much.
0:46.1	Those are questions on a lot of people's minds feeling a disconnect between economic data and
0:50.4	economic reality.
0:52.0	So we're going to look at the outlook for costs and what
0:54.1	past inflationary periods could tell us about the road ahead. Let's do it.
0:58.0	We have got a lot of costs to look at, a lot of experiences from our
1:02.3	listeners to hear, a lot of questions about the future to consider, so let's get right to it, shall we?
1:07.6	And to do that, I'm joined by Wall Street Journal Economics reporter Harriet Tori and Journal Chief Economics commentator Greg I've given you quite the task
	...

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