When the going gets tough, just keep spending
6/17/202625 min
Retail sales were up 0.9% in May, which is a generally positive economic sign. But it doesn’t square with our reality, in which price inflation outpaces wage growth. That is, until you look at that pesky personal savings rate. In this episode, YOLO consumers in a grim economy. Plus: Fed Chair Warsh holds rates steady, the rate of new households is falling, and what would happen if the U.S. lost its global reserve currency status.
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First 90 secondsSpeaker 10:00
This podcast is supported by Raymond James, a financial firm offering wealth management, banking, and capital market services that are inspired by people. Before Raymond James' financial advisors build plans, they build relationships so they can craft individual strategies designed to achieve priorities and pursue what's possible. That's the power of personal. Disclosures at raymondjames.com. Raymond James and Associates Inc., Member NYSE Sippick.
Speaker 20:27
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Kai Ryssdal· Host1:00
[gentle music] What happened at the Federal Reserve meeting today, you ask? Well, here's what happened. You get a task force, and you get a task force, and you get a task force. From American Public Media, this is Marketplace. [upbeat music] In Los Angeles, I'm Kai Ryssdal.