The Fed cut rates ... now what? (featuring: Sasquatch)
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 20 September 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
On today's episode, we've got dot plots, why the Fed rate cut may not bring immediate relief, and ... Sasquatch?!
Related Episodes:
Has the Fed lost the dot plot?
Are both rents AND interest rates too dang high?
When mortgage rates are too low to give up
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Transcript
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| 0:00.0 | NPR. This is the indicator from Planet Money, I'm Wealin Wong. |
| 0:17.0 | I'm Adrian Ma and I'm Darin Woods. |
| 0:20.0 | The indicator, Traumvirate, has answered that clarion call because, as we heard from Fed Chair Jerome |
| 0:26.4 | Powell this week, the committee decided to lower the target range for the federal funds rate |
| 0:30.6 | by a half percentage point. |
| 0:32.2 | 50 whole basis points. |
| 0:34.0 | What does it all mean? |
| 0:35.0 | We'll tell you all about it on today's |
| 0:38.0 | indicators of the week. |
| 0:40.0 | That's right on today's episode. We've got dot plots. |
| 0:44.0 | We've got why the economy might be squeezed even further even though interest rates are lower. |
| 0:50.0 | And we've got Sasquatch? |
| 0:53.2 | An economic Sasquatch. |
| 0:55.3 | From monetary policy to cryptozoology. |
| 0:58.6 | After the break. |
| 1:02.0 | A half percentage point. |
| 1:03.0 | Support for this podcast and the following message come from Dignity Memorial. |
| 1:09.0 | When your celebration of life is prepaid today, your family is protected tomorrow. Planning ahead is |
| 1:14.8 | truly one of the best gifts you can give your family. For additional information |
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... |
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