Jul 14, 2021
And you thought inflation was hot for consumers
Mark Makela/Getty Images
U.S. producer prices surged in June, stoking investors' concerns about the nature of the inflation. Plus, what we know so far about the Democrats' $3.5 trillion spending proposal; the response from China to Treasury Secretary Yellen's recent characterization of its "economic practices" as "unfair"; and how the Federal Deposit Insurance Corp. (FDIC) is working to encourage unbanked American households to open accounts — the effort is connected to the expanded child tax credit, which starts this week.
Segments From this episode
Prices paid by producers, wholesale prices, are soaring
"It's echoing investors' fears that inflation is here to stay," says Susan Schmidt, head of U.S. equities at Aviva Investors.
Democrats' proposed $3.5 trillion spending package
Marketplace's Marielle Segarra on what we know so far.
The Chinese response to Janet Yellen on "unfair economic practices"
Jennifer Pak, Marketplace's China correspondent, reports from Shanghai.
The team
David Brancaccio
Host
Victoria Craig
Host, BBC
Stephen Ryan
Senior Producer, BBC
Jonathan Frewin
Producer, BBC
Daniel Shin
Producer
Jay Siebold
Technical Director
Brian Allison
Engineer
Meredith Garretson
Senior Producer
Erika Soderstrom
Producer
Rose Conlon
Producer
Alex Schroeder
Producer
