Marketplace Morning Report®

with David Brancaccio

Marketplace Morning Report for Thursday, August 2, 2012

The Fed announced yesterday that it is prepared to act if the economy gets worse -- But for now, nada. Which brings us to the European Central Bank, which is holding a meeting today in Frankfurt and might have a little something up its sleeve for the global economy. On Capitol Hill today, a House Committee is looking into the effects of the Supreme Court's ruling on health care; Specifically, just how the IRS will assess a tax on people who don't carry health insurance. Later this morning, Freddie Mac will tell us what the average interest rate is right now on a 30-year fixed mortgage. Last week, the rate fell below 3.5 percent for the first time in 60 years of record keeping. You might think a housing recovery is near.

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Economy
European Central Bank President Mario Draghi drinks coffee during a meeting where he is to brief the European Parliament's economic affairs committee on the eurozone debt crisis on April 25, 2012 at the EU Headquarters in Brussels.
GEORGES GOBET/AFP/Getty Images
Economy
A giant logo of the Euro currency stands in front of the European Central Bank (ECB) in the banking district of Frankfurt/M., western Germany, on July 31, 2012.
DANIEL ROLAND/AFP/GettyImages

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Marketplace Morning Report®, hosted by David Brancaccio, kicks your weekday off right. Now a regular segment on NPR’s Morning Edition®, it’s a dash of news to go with that first cup of coffee. Get a global perspective on what’s making the business news headlines, airing up to five times each morning.