Time for the Fed to pivot?
Marketplace
Marketplace
4.6 β’ 8.5K Ratings
ποΈ 15 August 2024
β±οΈ 28 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
For the first time in years, the consumer price index β one measure of inflation β fell below 3%. That’s good for Americans and the Federal Reserve, which has a dual mandate to maintain stable prices and maximum employment. But as inflation has chilled out, so has the job market. What can the Fed do about it? Also in this episode: Mars bets that America will keep snacking, the lag in housing inflation data, and one interest rate to rule them all?
Transcript
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| 0:57.3 | Tune into financially inclined wherever you find your podcasts. podcasts. Quick, what starts with a two, ends with a nine and might make all the economic difference. From American public media this is market plans. In Los Angeles, I'm Kai Rizdahl. It is Wednesday, today 14 August. |
| 1:31.0 | Good as always to have you along,. To answer my own rhetorical question and as you |
| 1:36.6 | have surely heard by now it is the July consumer price index that starts with a two and ends with a nine at 2.9% year on year. |
| 1:44.8 | We learned that this morning. |
| 1:46.3 | The first time in better than three years the |
| 1:48.4 | CPI hasn't started with a three. |
| 1:50.9 | So good news, but good enough, enough for the Federal Reserve to start cutting |
| 1:55.9 | interest rates? Maybe, maybe not, we'll know at its September meeting, but it's worth a mention here because it's been easy to forget |
| 2:04.9 | with inflation as high as it's been that the Fed actually has two jobs, the dual mandate, right? |
| 2:10.8 | Stable prices, that is controlling inflation, and also maximum employment. |
| 2:16.7 | And while inflation has rightly been getting all the press, the job market of late has been |
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