Houston’s heat wave is taking its toll

Segments From This Episode

• The Weekly Wrap

  by Kai Ryssdal

  Marketplace host Kai Ryssdal talks with Amara Omeokwe at The Wall Street Journal and Jordyn Holman at The New York Times about what’s propping up retail spending and whether revenge spending has made consumers more resilient.

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• Climbing 10-year Treasury yield signals costlier future for buying, borrowing

  by Sabri Ben-Achour

  

  If the Federal Reserve needs to keep interest rates higher to continue battling inflation, 10-year yields will have to compete.

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• High mortgage rates recall an era of … high mortgage rates

  by Meghan McCarty Carino

  

  The highest mortgage rates in 20 years are now coupled with high home prices — bringing angst to many homebuyers.

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• 401(k) balances are rising, but most savers still won’t have enough for retirement

  by Samantha Fields

  

  The average 401(k) balance is a tenth of what a middle-class person would need to maintain their lifestyle, one expert says.

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• Are American tourists ready for a museum about the economy?

  by Peter Crimmins

  

  The National Park Service wants to turn the original First Bank of the United States in Philadelphia into a museum.

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