Predictions For Car Prices and A Game-Changing Tesla Tragedy
Money Rehab with Nicole Lapin
Money News Network
4.6 • 1.7K Ratings
🗓️ 30 August 2023
⏱️ 9 minutes
🧾️ Download transcript
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| 0:00.0 | I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. |
| 0:07.1 | It's time for some money rehab. |
| 0:14.8 | It is Wednesday and that means it is time for the money rehab weekly roundup of the biggest |
| 0:20.2 | headlines on Wall Street and how they affect your finances. |
| 0:23.4 | These are the days of summer where I can feel change is coming. |
| 0:27.4 | Sure, it's blazing hot outside, but Halloween stuff is still popping up and reminds us that |
| 0:33.1 | spooky season is right around the corner, plus pumpkin spice has already started baking |
| 0:37.9 | an appearance at Starbucks stores, which is a clear sign of fall, even in Los Angeles. |
| 0:43.0 | But looking forward, the markets in the economy are usually boosted by the holidays. |
| 0:47.0 | For some industries, they're coming into the biggest season right now. |
| 0:50.0 | With the labor market already tied, the additional demands for seasonal help could help boost |
| 0:54.4 | wages and keep the economy running despite lingering concerns about just how soft a landing |
| 1:00.1 | the Fed can manage. |
| 1:01.9 | Last week, the Fed chairman Jerome Powell or J. Powell spoke at a large meeting of central |
| 1:06.2 | banks in Jackson Hole, Wyoming, and said that we're quote, navigating by the stars under |
| 1:12.4 | cloudy skies. |
| 1:14.8 | And quote, which sounds kind of like he's lost. |
| 1:19.4 | He also said that the Fed is still willing to raise interest rates to combat inflation. |
| 1:24.4 | Much of the meeting focused on how many of the old economic models no longer work because |
| 1:29.5 | so much about the very nature of work and the economy has shifted in the last few years. |
| 1:34.9 | With all of these shifts, there are more variables now than ever before. |
| 1:38.6 | Once upon a time, there were only a couple of key industries like coal mining, farming, |
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