Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Why Is It So Hard to Hit the Brakes on Inflation?

Why Is It So Hard to Hit the Brakes on Inflation?

FromThe Daily


Why Is It So Hard to Hit the Brakes on Inflation?

FromThe Daily

ratings:
Length:
27 minutes
Released:
Oct 6, 2022
Format:
Podcast episode

Description

In the struggle to control inflation, the Federal Reserve has raised interest rates five times already this year.But those efforts can be blunted if companies keep raising prices regardless. And one industry has illustrated that difficulty particularly starkly: the car market.Guest: Jeanna Smialek, a federal reserve and economy reporter for The New York Times.Background reading: Many companies have been able to raise prices beyond their own increasing costs over the past two years, swelling their profitability but also exacerbating inflation. That is especially true in the car market.Inflation stayed far above the Federal Reserve’s goal in August, as prices climbed more quickly than economists expected.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 
Released:
Oct 6, 2022
Format:
Podcast episode

Titles in the series (100)

This is what the news should sound like. The biggest stories of our time, told by the best journalists in the world. Hosted by Michael Barbaro. Twenty minutes a day, five days a week, ready by 6 a.m.