Correspondent & Host
Sabri is a correspondent and host for Marketplace based in New York City. He has many, many plants.
The public is “at odds with expert opinion and traditional policymaking,” says Eric Plutzer of the McCourtney Institute for Democracy.
The PCE and CPI measure different things, but the message they send to consumers may influence expectations — that then can affect inflation.
China produces the majority of the world’s rare-earth metals. It’s likely trying to maintain its control of global production, researchers say.
There is a very real chance that the country may end up paying a price for getting inflation under control. That price is recession.
Some say that part of the money to rebuild Ukraine should come from confiscating frozen Russian assets. But that path could be fraught with practical and legal difficulties.
The slight decline from April to May could indicate a slowing economy — which the Federal Reserve is hoping for.
After reaching a record high of nearly 34% early in the pandemic, the savings rate has dipped below its pre-pandemic level.
Wholesale inventories were up in April. But now, some stores have too much inventory while others struggle to get the inventory they need.
The president also ruled out solar tariffs for two years on several Asian countries the U.S. imports solar panels from.
About 3.5 million more people were working or looking for work in May than a year earlier. Economists hope the number keeps rising.
