May 3, 2023
A big rate decision today for Jerome Powell and Co.
Eric Baradat/AFP via Getty Images
The Fed is expected to announce later today that it will continue its recent interest-rate-hiking trend, which comes amid a strong jobs report from the private payroll company ADP. We turn to Susan Schmidt, head of public equity at the State of Wisconsin Investment Fund, to break down what Jerome Powell and Co. could decide. Plus, the Fed's inflation fight has hinged on raising rates to slow a tight labor market, and some signs like high-profile layoffs are pointing in that direction. And, we speak with Duke law professor Jennifer Jenkins about the court case playing out between Ed Sheeran and Marvin Gaye for alleged copyright infringement.
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Segments From this episode
Fed expected to hike rates today despite banking jitters
Susan Schmidt, Head of Public Equity at the State of Wisconsin Investment Fund, looks ahead to today’s rate decision.
The labor market looks like it's cooling. What does that mean for the Fed?
Marketplace’s Mitchell Hartman reports on how a cooling job market does, and doesn’t, affect the Fed’s plans.
Music from the episode
Pulaski Skyway Clutch
The team
David Brancaccio
Host
Leanna Byrne
Host, BBC
Kelly Silvera
Executive Producer
Meredith Garretson Morbey
Senior Producer
Erika Soderstrom
Producer
Alex Schroeder
Producer
Ariana Rosas
Producer
Jarrett Dang
Digital Producer (gone fishing)
Jesson Duller
Media Producer
Nick Esposito
Media Producer
James Graham
Producer, BBC
Jo Critcher
Producer, BBC
Olie D'Albertanson
Producer, BBC
