The economic crystal ball foresees another Fed rate hike
Apr 28, 2023

The economic crystal ball foresees another Fed rate hike

The latest measure of the Federal Reserve's preferred gauge of inflation is out today, and it showed a considerable tapering in rising prices. But according to FHN Financial Chief Economist Christopher Low, the economic tea leaves are still saying that America's central bank will likely hike rates again when its top interest rate-setting committee meets next month. Plus, we chat with Zanny Minton Beddoes, editor-in-chief of The Economist, about the news magazine's recent edition highlighting the U.S. economy's surprising long-term overperformance. And, what the latest rounds of layoffs at Gap Inc. say about the retail sector. 

Segments From this episode

Why pessimism about the U.S. economy might overshadow a longer-term success story

Zanny Minton Beddoes, editor-in-chief of The Economist, explains why the U.S. economy may be stronger than it looks.
Zanny Minton Beddoes, editor of The Economist, said that the U.S. economy has outperformed other rich economies despite economic pessimism among Americans.
Spencer Platt/Getty Images

Latest round of layoffs at Gap Inc. reveal gaps in corporate strategy, analysts say

Apr 28, 2023
The company just announced it would cut 1,800 corporate jobs, in addition to 500 it eliminated last fall.
Gap’s interim CEO said in a statement that recent corporate layoffs are part of a strategy to simplify its operations.
Allison Dinner/Getty Images

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