May 2, 2018

05/02/2018: 2 percent inflation euphoria

HTML EMBED:
COPY

Today, the Federal Open Market Committee chose not to raise interest rates, but it did have other news: Inflation has reached the Fed benchmark of 2 percent. How tolerant of inflation is the Fed going to be? That depends on…

Segments From this episode

U.S. actor has a leading role in English house restoration

May 2, 2018
Californian Hopwood DePree is raising money to restore his ancestral home.
U.S. film actor Hopwood DePree stands outside Hopwood Hall, his family's ancestral home near the town of Rochdale in northern England, in September 2017. He hopes to restore it.
Christopher Furlong/Getty Images

What you should know about the U.S.-China trade talks

May 2, 2018
There's a lot at stake as a White House delegation makes its way to Beijing, but some businessmen have low expectations.
JASON LEE/AFP/Getty Images

Today, the Federal Open Market Committee chose not to raise interest rates, but it did have other news: Inflation has reached the Fed benchmark of 2 percent. How tolerant of inflation is the Fed going to be? That depends on whether the economy is experiencing good or bad inflation. We look at the difference between the two. Meanwhile, a U.S. delegation led by Treasury Secretary Steven Mnuchin are on the ground in Beijing, resting up before their tariff meetings tomorrow. Most American companies doing business in China are making money, so they might want different things from the talks than the negotiators do. Marketplace China Correspondent Jennifer Pak breaks it down for us. Speaking of tariffs, American companies submitted over 3,500 applications for exemptions. We dig into what some of these companies are doing to try and increase their chances.

Music from the episode

Busy Earnin' Jungle
Walk On By Isaac Hayes
Loser Beck
Walking On A Dream Empire of the Sun
Kamikaze