![]() ![]() ![]() Play Listen on Add Links Get Email Contact 4. moreĦ.8M 8.8M 6.6M 6 episodes / week Avg Length 17 min ET, with hosts Lulu Garcia-Navarro and Scott Simon. ET, with hosts Rachel Martin, Noel King and Steve Inskeep. The three biggest stories of the day, with reporting and analysis from NPR News in 10 minu. NPR's Up First is the news you need to start your day. Play Listen on Add Links Get Email Contact 3. ![]() moreĦ.8M 8.8M 6.6M 2 episodes / week Avg Length 54 min epreneurs and idealists and the movements they built. How I Built This weaves a narrative journey about innovators, entr. Guy Raz dives into the stories behind some of the world's best known companies. Play Listen on Add Links Get Email Contact 2. moreĦ.8M 8.8M 6.6M 2 episodes / week Avg Length 28 min Planet Money could be paired with some of the more investment/stock-focused shows for a well-rounded lineup of information. agline is 'The Economy Explained,' which they accomplish in an innovative, amusing, and engaging way. If you're thinking about investing, you should learn about our economy. is taking a tougher stance against the Asian country.Planet Money is a well-known and popular NPR podcast. could enter a recession.Ĭhina's economy, for example, is showing signs of slowing down significantly, which could impact the global economy at a time when the U.S. That has an impact on many people's pocketbooks since households are paying more for mortgages and credit cards, for example.Īnd the economy may be looking sturdier, but there's still a risk the U.S. Even if the Fed doesn't raise rates higher, they're likely to remain elevated for an extended period. The Fed doesn't meet until late September and there are still areas of concern, including higher oil prices which are driving up prices at the gas pump.Īlthough inflation is easing, it's still pretty high. Oddsmakers see that as even more likely after this report.īut nothing's certain and additional economic data will determine the Fed's next action. How could the inflation data impact the Fed's thinking?Įven before Thursday's inflation news, markets were betting the Fed would leave interest rates unchanged at its next meeting after raising rates aggressively since last year. "I think the direction of travel right now is really moving in the right direction, and is encouraging on the inflation front," Juneau said. Stephen Juneau, a senior economist at Bank of America, says he's encouraged about the trajectory of inflation. The Dow Jones Industrial Average jumped more than 400 points in the first hour of trading Thursday, although most of those gains were later reversed. The labor market, in particular, is holding up well despite the Fed's aggressive increases in interest rates since last year. The inflation data was within what Wall Street had forecast, and it reinforces hope that inflation is easing.Īt the same time, other recent data is showing a sturdier economy than many had expected. Why is Wall Street so encouraged about inflation? The big question is whether service inflation will come down enough to bring overall inflation under control. Service prices are largely driven by wages, so they tend to be stickier than other prices. The economy is also seeing a moderation in the price of services – things like getting your car fixed or going to the dentist. Rent is still going up, but not as fast as it had been. Air fares dropped more than 8% in July for the second month in a row. Used car prices were down last month, and they are expected to keep falling. Goods overall are getting cheaper, with some exceptions like gasoline and groceries. So what is up - and what is down in price? And some prices are actually coming down. In fact, over the last three months, prices have climbed at an annual rate of just under 2%. Rather, it's the result of a single month of flat prices a year ago dropping out of the calculation.įocusing on more recent months shows price hikes continuing to moderate. What was so encouraging about the latest inflation report?Īlthough consumer prices rose more in July on an annual basis than they did in June, that shouldn't be read as inflation gaining steam. Here are four things to know about the latest report on inflation. Stocks rallied on the news, which bolstered hopes for a "soft landing," in which the Federal Reserve brings inflation under control without tipping the economy into recession. The increase came after the annual inflation rate had fallen steadily for the previous 12 months.ĭespite the rise in the headline rate, details in the report show inflation continuing to moderate. Inflation got a little higher last month - but not enough to set off alarms.Ĭonsumer prices in July were up 3.2% from a year ago, according to data released Thursday, driven in part by rising rent, gas and grocery prices. ![]()
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