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Inflation tapered again — where does the Fed go from here?
May 10, 2023

Inflation tapered again — where does the Fed go from here?

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Today's Consumer Price Index data on inflation is out, and it showed something that will buoy the spirits of monetary policymakers everywhere — inflation again tapered, the tenth-straight month of decline. Susan Schmidt, Head of Public Equities at the State of Wisconsin Investment Board, helps us break down the latest report. Plus, the BBC spoke with an executive at the German carmaker BMW about the Inflation Reduction Act. And, the rising cost of food in Turkey, which is part of the country's broader economic problems, is affecting voters' opinions ahead of upcoming elections. 

Segments From this episode

Inflation's on the right track, but will the Fed respond?

Susan Schmidt, Head of Public Equities at the State of Wisconsin Investment Board, breaks down today’s CPI inflation data.

Turkey's soaring food prices take center stage in presidential election

May 10, 2023
Voters will head to the polls on Sunday for the most crucial election in a generation as households continue to deal with inflation.
People shop at a local street market in Istanbul on May 3. Annual inflation in Turkey reached a whopping 85.5% last year.
Burak Kara/Getty Images

Music from the episode

Testify Rage Against The Machine

The team

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