Inflation is still here, folks

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 27 May 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

The debt limit is the big economic news story of the day, but yes, you *still need to keep an eye on inflation. The personal consumption expenditures price index, a measure of consumer spending, ticked up last month. That’s bad news if you were hoping interest rates, the tool the Federal Reserve uses to fight inflation, might come down soon. And, some musing on the nature of consequences: Three members of the far-right militia known as the Oath Keepers were recently sentenced to prison for their part in the Jan. 6 attack on the Capitol. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

“Sedition Sentence for Oath Keepers’ Stewart Rhodes Marks Moment of Accountability” from The New York Times

“Jessica Watkins: Oath Keepers member and Army veteran sentenced to 8.5 years in prison for January 6” from CNN Politics

“US Inflation (PCE), Consumer Spending Pick Up in Sign of Economic Resilience” from Bloomberg

“The Fed’s favorite inflation gauge just heated up — and that could mean another rate hike” from CNN

“Atlanta Fed CEO on the debt limit debacle and curbing inflation” from Marketplace

“Band-Aid is the most trusted brand in the US, beating out Amazon and Visa” from Business Insider

“Netflix’s password-sharing crackdown is here — and it costs $7.99 per month” from The Verge

“The Restaurant QR-Code Menu Is Being Shown the Door” from The New York Times

“The steel sector is carbon-intensive. “Green steel” could be a game changer.” from Marketplace

“Admit it — you miss socializing at the office” from Marketplace

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Join us in Seattle for a special live taping of “Make Me Smart” on June 9. You can find ticket information here.

Transcript

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0:29.6	Hey everyone, I'm Marie Mechrez, host of This is Uncomfortable, a podcast from Marketplace.
0:35.7	This season we explore how secrets can shape our financial lives.
0:39.6	We've got stories about the creative lengths people go to pay off student debt, what it's
0:44.5	like to become addicted to financial submission, and how easy it can be to get stuck in a vicious
0:49.9	cycle.
0:50.9	We take a look at how secrets take a toll on our lives and what price some are willing
0:55.1	to pay for the truth.
0:57.2	Listen to This is Uncomfortable, wherever you get your podcasts.
1:00.2	Well, I'm just going to ask for a position to himself as if he knew what time it was.
1:04.0	Hey everybody, I'm Kyle Ristall, welcome back to Make Me Smart, where we make the day
1:14.7	makes sense at his Friday's day, 26 May.
1:19.4	And I am Kimberly Adams.
1:20.7	Thank you for joining us this Friday for economics on tap our weekly happy hour.
1:25.6	Today we've got our YouTube live stream up and running.
	...

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