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Marketplace All-in-One

To tip or not to tip?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 20 September 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Expectations around tipping have evolved in the last couple of years. So how much should you be tipping these days? What about for dine-in versus takeout or delivery? And why does tipping stir up such strong emotions? We answer these questions — no tip required. But first, it’s decision day for the Federal Reserve. We preview today’s interest rate announcement, as well as the Fed’s economic projections.

Transcript

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0:00.0

Hey, it's David Brunkachio, host of the Marketplace Morning Report.

0:04.5

Individual donations are Marketplace's most reliable source of support, and most reliable

0:09.3

of all are our monthly donors, especially in times of economic uncertainty.

0:14.7

So please start a monthly gift to keep our newsroom going strong.

0:18.7

When you do, you'll get us closer to our goal of 2,000 investors for this campaign.

0:24.0

And you can pick out a fantastic thank you gift.

0:26.8

Check them out at Marketplace.org-donate.

0:31.6

Decision day for the Fed.

0:33.8

From Marketplace, I'm Sabri Benachor, in for David Brunkachio.

0:37.2

The people in charge of interest rates in the U.S. are getting ready to wrap up two days

0:41.4

of meetings this afternoon.

0:42.4

We're talking about the Federal Reserve.

0:44.4

One part of how the Fed manages the economy is by managing expectations.

0:49.7

So for more on what markets are expecting, Susan Schmidt joins us.

0:52.8

She is head of public equity at the State of Wisconsin Investment Board, Susan Good morning.

0:56.9

Good morning.

0:57.9

So markets scrutinize and price in every last bit of what the Fed says does, publishes.

1:04.3

What do markets think the Fed is going to say and do?

1:08.4

The Fed wraps up their meeting today, and Chairman Powell will speak after the meeting.

1:13.2

Investors are anticipating that he won't be changing interest rates after this meeting.

1:18.0

Now they also anticipate that he's going to continue with cautious language implying

1:22.8

that there might be a further interest rate down the line.

...

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