Is it time to question the economic vibe?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 15 September 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Consumer spending is key to this economy, but Americans are running through their cash just as student loan repayments are coming due. Could that be the straw that breaks the consumer’s back? We’ll discuss it on the Weekly Wrap. Plus, how car dealers are reacting to the UAW strike, why immigration is important to the AI race and why gross domestic product and gross domestic income often don’t match up, even though they should.
Transcript
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| 0:00.0 | On the program today, the last five days in this economy because Friday, how we measure |
| 0:08.5 | this economy and various and sundry other stories as well from American public media, this |
| 0:15.6 | is Marketplace. |
| 0:25.0 | In Los Angeles, I'm Kyle Rizzo, it is Friday, today the 15th of September. |
| 0:29.3 | Market is always to have you along. |
| 0:31.1 | Yes, we got an update on inflation and we got one on retail sales this week, so data. |
| 0:37.5 | But one misses the big picture if one does not talk about vibes. |
| 0:41.7 | So we shall. |
| 0:42.7 | Amara Mokue, is it the Wall Street Journal, Jordan Holman, is it the New York Times? |
| 0:46.3 | How you two? |
| 0:47.3 | Okay. |
| 0:48.3 | Hello. |
| 0:49.3 | So, Amara, let me start with you. |
| 0:50.6 | As I said, we got CPI this week and producer price indexes, inflation, you know, not |
| 0:56.2 | down where the Fed wants it, but better than it used to be, retail sales, gangbusters, |
| 1:00.7 | I think is the word and we'll talk more about it specifically with Jordan in a second. |
| 1:03.8 | But here's what I want to know from you. |
| 1:06.8 | Is there anything in this data that gives you pause that makes you question the economic |
| 1:12.4 | vibe right now? |
| 1:14.2 | Well, we saw headline inflation move higher during the month of August mainly because of |
| 1:20.5 | gas prices. |
| 1:22.1 | And what gave me pause is the fact that there are some upside risks, right? |
... |
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