Corporate bankruptcies have been on the rise for more than a year, and that can have big ripple effects. Then, we check in on trade barriers.
Marketplace host Kai Ryssdal talks with Jeanna Smialek of the New York Times and Amara Omeokwe of the Wall Street Journal about the Federal Reserve’s interest rate options, consumer expectations and potential cracks in the labor market.
Some bankruptcies reflect fallout from the financial crisis more than a decade ago.
Remember those steel and aluminum tariffs that were supposed to target China but also pulled in Europe and Canada? Most of them still exist.
That could be a sign that the Fed’s interest rate hikes are working and the economy is cooling.
What that might mean for them and for the economy at large.
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