The long game of high interest rates
Make Me Smart
Marketplace
4.6 • 5.5K Ratings
🗓️ 1 June 2024
⏱️ 25 minutes
🧾️ Download transcript
Summary
The latest data from the Federal Reserve’s favorite inflation measure hinted that inflation is cooling. But the Fed is still on guard, meaning higher interest rates for longer than many had expected. We’ll get into how that will likely be felt differently by Americans at opposite ends of the income spectrum. Then, we’ll get into the risky return of zero-down mortgages. Plus, we’ll weigh in on Chevy Malibus and merch during a round of Half Full/Half Empty!
Here’s everything we talked about today:
- “Inflation Remains Steady, With Signs of Further Cooling” from The New York Times
- “Zero-down mortgages are making a comeback” from CNN
- “CFPB Launches Inquiry into Junk Fees in Mortgage Closing Costs” from the Consumer Financial Protection Bureau
- “GM to discontinue the Chevy Malibu later this year” from Marketplace
- “Zoom cashiers may signal a new era of digital offshoring and remote work” from Marketplace
- “Venice’s new admission fee cannot curb overtourism” from The Economist
- “Chobani Yogurt Founder Buys Anchor Brewing Company” from The New York Times
- “The End of Merch” from GQ
We love to hear from you. Send your questions and comments to makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | Yes, we have quite a few library fans in the chat. |
| 0:07.0 | Hello everyone, I'm Kimberly Adams. |
| 0:09.0 | Welcome back to Make Me Smart, where we make today make sense, |
| 0:12.0 | especially Fridays, which make much more sense than |
| 0:15.1 | other days of the week if I must say so myself today is Friday May the 31st |
| 0:21.3 | I'm Kyle Rosedall thanks for joining us on the podcast and on the YouTube |
| 0:24.8 | live stream. As Kimberly said, it is Friday, we will do our weekly happy hour |
| 0:29.1 | episode. Economics on tap will start us off. Yes, and today we are going to get to some news we are |
| 0:35.8 | going to take a break and then play a game but of course we have to start with |
| 0:40.1 | drinks I see your Puyabic mug, Kyra, kai, I was supposed to call you, I don't want to say |
| 0:45.8 | Cairo, not Cairo, Kai, Kai, what do you have in your pewabic mug? |
| 0:51.4 | I have a cup of coffee because I have some things to do later on today and you know it is only |
| 0:57.3 | 330 out here and so I can't see really just keep drinking. |
| 1:01.5 | Drink coffee at 30 in the afternoon, I'd be up until the next day. |
| 1:07.0 | I could not do it. |
| 1:10.0 | Like, I even on the days where I do need to drink coffee, |
| 1:15.2 | it's like a single cup maximum two if things are dire. |
| 1:20.0 | And only first thing in the morning I cannot. |
| 1:23.0 | Wow. |
| 1:25.0 | Wow. |
| 1:26.0 | Yeah. |
| 1:27.0 | I don't have high caffeine reorientee. |
... |
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