Is the Fed’s Battle Against Inflation Over?

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 24 July 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for July 24. The Federal Reserve is likely to raise rates this week. But the path after that is less certain. Chief economics correspondent Nick Timiraos explains why some officials aren’t ready to declare victory on Inflation. Plus, some of the workers cleaning up ChatGPT and other artificial intelligence chatbots say their work has taken a heavy toll. Reporter Karen Hao has their story. And, Israel’s Parliament passes part of Prime Minister Benjamin Netanyahu’s controversial judicial overhaul sparking mass protests. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	As a city national client, you get a dedicated team of banking professionals working alongside
0:06.5	you.
0:07.5	From a relationship manager who works with you on everyday business needs, to a business
0:11.4	banker who drives your goals into the future.
0:14.4	Come in to meet your team at City National Bank.
0:17.1	See what personal can do for you at CNB.com.
0:21.1	The Federal Reserve is likely to raise rates this week, but what comes next is less clear.
0:34.8	The big question at the meeting this week is, will this be the last rate increase?
0:39.7	And even though a lot of analysts believe that it will, the Fed can't say that yet because
0:44.5	growth and hiring have been too strong for them to say definitively that they're done.
0:51.8	And why cleaning up chat GPT can take a heavy toll on workers.
0:56.1	Plus, Israel's parliament passes part of a controversial judicial overhaul, sparking mass
1:01.3	protests.
1:02.3	It's Monday, July 24.
1:04.2	I'm Amary for Tolley for the Wall Street Journal.
1:07.0	This is the PM edition of What's News, the top headlines and business stories that moved
1:11.5	the world today.
1:18.1	The market for initial public offerings could be poised for a comeback.
1:22.0	Our IPO reporter, Corey Dribbush says, last week's stock market debut of Audit Tech, that's
1:27.2	the parent company of Beauty brand Ilmakiage, is assigned investors are ready to get back
1:32.0	into the game.
1:33.1	She joins me now with more.
	...

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