Some not-so-scary news for the Fed
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 31 October 2024
⏱️ 12 minutes
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Summary
This Halloween, we’re looking at some new inflation data that’s got the Federal Reserve in good spirits. Its preferred inflation measure shows inflation fell to 2.1% last month, moving ever-so-closer to the Fed’s 2% target. We’ll get into why core inflation complicates the Fed’s good news. And, we’ll unpack why some Meta investors were spooked when CEO Mark Zuckerberg said the company will amp up its artificial intelligence spending. Plus, Starbucks is getting a brand makeover, and the Los Angeles Dodgers pulled off a World Series win.
Here’s everything we talked about today:
- “Meta posts Q3 earnings beat, but stock falls on heavy spending plans” from Yahoo Finance
- “What Today’s Inflation Data Will Mean for Next Week’s Fed Meeting” from CNBC
- “Inflation Cooled Further in September, PCE Index Shows” from The New York Times
- “7 ways Starbucks CEO Brian Niccol plans to change the coffee chain” from NBC Chicago
- “Los Angeles Dodgers defeat New York Yankees in five games to win World Series” from NBC News
Join us tomorrow for Economics on Tap. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.
Transcript
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| 0:00.0 | Hey if you're listening to this I will assume you're at least interested in money |
| 0:04.2 | understanding the economy and finances as well and some of us now want to get the next |
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| 0:11.9 | Marketplace's award-winning kids |
| 0:13.4 | podcast that breaks down money to help dollars make more sense. |
| 0:16.6 | Turned into Million Bazillion wherever you find your favorite podcast. A whole new |
| 0:20.4 | season is out now. Million Bazillion is presented in partnership with Green Light, |
| 0:25.0 | the debit card and money app for kids and teens. |
| 0:27.0 | Green Light helps kids and teens learn to earn, save, spend wisely, and invest. |
| 0:31.0 | When you sign up for green light account at green light |
| 0:33.3 | dot com slash mille. You're not dressed up as a radio host today? I'm dressed up as |
| 0:38.8 | me that's what I do. Shall we? Let. Yeah. |
| 0:43.0 | Oh God. |
| 0:44.0 | Oh God. |
| 0:46.0 | Hello everyone, I'm Kimberly Adams. |
| 0:51.0 | Welcome back to Make Me Smart, where we make today make sense and happy |
| 0:54.6 | Halloween 31st of October today Thursday I'm Kaya Rostahl thanks for tuning in |
| 0:59.6 | downloading whatever it is that people do with pods these days. |
| 1:03.0 | Yes. |
| 1:04.0 | Today we're going to listen back to some of the big news stories of the week. |
| 1:07.2 | And by the way, I should say for the record, I was not recovering from the live show |
| 1:12.1 | for the last three days. |
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