Every weekday, host Kai Ryssdal helps you make sense of the day’s business and economic news — no econ degree or finance background required. “Marketplace” takes you beyond the numbers, bringing you context. Our team of reporters all over the world speak with CEOs, policymakers and regular people just trying to get by.
Why inflation can be a self-fulfilling prophecy
Federal Reserve officials have some new inflation data to chew on before they head into a two-day meeting on interest rates tomorrow. The Federal Reserve Bank of New York released a consumer survey today that says consumers are expecting inflation above the Fed’s target of 2% over the next several years. On the show today: How inflation can be a self-fulfilling prophecy and why that makes it hard to set policy around it. Also on the program: Why restaurants say they need more financial aid, more companies are investing in cyber insurance, and Canada’s agricultural worker program is under scrutiny amid the pandemic.
How consumer behavior is affecting the economic recovery
The University of Michigan’s preliminary June consumer sentiment numbers came out today, and although Americans are a little more confident in the economy and the recovery than they were in May, they’re still worried about inflation and the rising prices of things like cars and homes. Does that change how people spend their money? We also take a look at how consumer demand changes when products are scarce due to supply chain shortages. Also on the show today: Some British executives are getting bonuses for good behavior, and whether the pandemic could change Americans’ attitudes when it comes to taking vacations.
Why people are worried about inflation
Consumer prices rose a little over half a percent in May. Over the last year, prices are up 5% — the biggest 12-month increase since August of 2008. It’s unclear so far whether the price hikes we’re seeing are a short-term story or a long one. On today’s show, we look at what makes inflation so worrying. Also on the program: Why 5 million Americans are still receiving extended federal unemployment benefits, a look at the economic challenges of ramping up wind energy production, and a conversation about the Biden administration’s debt relief for Black farmers.
About those wine and cheese tariffs
President Joe Biden arrived in Europe on Wednesday, kicking off a week of meetings. One item high on his agenda: trade, especially the tariffs levied by the U.S. and European Union. Yes, those are still a thing, and U.S. consumers are still paying for them. If you’re fond of provolone or a fan of Bordeaux, you’ve felt their sting. On today’s show: What’s next for U.S.-EU tariffs. Also, the Senate is allocating $250 billion to technology R&D, a study finds work requirements for SNAP benefits don’t lead to more people working and Chinese families are stressed by the demands of extracurricular classes.
The racial gap in appraisals devalues homes owned by people of color
Explicit racial language was removed from the process of determining home values in the late 1970s, but a recent study found that a racial lens on appraisals still harms Black communities. On today’s show: How that gap is contributing to racial inequality. Also on the program: The Joe Biden administration announces a strategy to strengthen supply chains, labor and supply shortages are raising costs for consumers and Las Vegas is hosting its first major business convention since the pandemic.
What will it actually take to achieve global tax reform?
Representatives from G-7 countries agreed over the weekend to back a minimum corporate tax rate of 15%. A global minimum tax rate has a long way to go to get from theory to reality. But behind that theory is hundreds of billions in potential revenue from multinational corporations. On today’s show: What it would take to get to a global minimum tax. Also on the program: Why some states are dealing with a tax revenue surplus, the SelectUSA trade show is trying to bring foreign investors back to the U.S., and Mohamed El-Erian on inflation and the economic recovery.
Whose slacking with the uploads for the Podcast app?
Wish they stop slacking with the uploads to the Podcast system. It’s 8:39am central time the following day and we still don’t have upload for the previous day. I NEED MY FIX!! lol
Other than that, The show is excellent it helped me capitalize on a lot of financial opportunities. I Just sold my car for $5k more than what I paid for it 2 years ago. If I hadn’t heard it in Marketplace I would of been clueless about the used car price increase and rental car inventory.
Yeah yeah, best economic program. But the music!
Whoever the sound engineer is a child of my other mother.
Episodes are delayed?
The content is (or was) solid, but now I suddenly need to wait an extra day before I can hear the podcast. What gives? I’m not sure if this is a Marketplace issue or an Apple issue, as I am not having this problem with other APM podcasts.