Jun 14, 2017

06/14/2017: It’s time for another hike

Federal Reserve Board Chairwoman Janet Yellen waves to members during a House Financial Services Committee hearing on Capitol Hill, February 25, 2015 in Washington, DC. Mark Wilson/Getty Images

As many suspected, the Federal Reserve raised interest rates a fourth of a percent today. It's the third hike in six months, and we'll get a little wonky parsing Janet Yellen's comments on inflation, the labor market and overall economic health. Then, we're going hunting for the silver lining in a very cloudy year for retailers. Plus: a look at why bootlegging is booming again.

Segments From this episode

U.S. ponders steel tariffs and retaliation risk

by Kimberly Adams

Jun 14, 2017

President Trump has made much of his plans to boost American steel, and there’s an investigation underway at the Department of Commerce to determine if the steel industry should be deemed crucial to our national security. That would pave the way for more import protections, but could also open the door to a trade war. […]

LISTEN

EMBED

Digital TV needs great stories, and people need to pay for them, New Form CEO says

by Kai Ryssdal and Sean McHenry

Jun 14, 2017

'Whoever has the audience wins.'

JONATHAN NACKSTRAND/AFP/Getty Images

LISTEN

EMBED

The city of Flint is broke, but its water system still needs expensive repairs

by Annie Baxter

Jun 14, 2017

A half-dozen Michigan state officials now face criminal charges for their role in the Flint water crisis. The state cut subsidies for Flint water in March, leaving residents to pay for their water at one of the highest rates in the country. Though the city’s water now meets federal quality standards for lead and copper, […]

LISTEN

EMBED

All is not gloomy in retail sales

by Reema Khrais

Jun 14, 2017

There are new numbers out today that show just how much we spent on retail last month. And it was not so great. Retail sales were down 0.3 percent, which is the biggest monthly decline in more than a year. Department stores in particular have been struggling, but we wondered if there are any silver […]

LISTEN

EMBED

The bond market takes interest rate hike in stride

by Sabri Ben-Achour

Jun 14, 2017

The Federal Reserve raised interest rates about a quarter percent today, but yields on 10-year Treasury notes have been trading just around their 2017 lows — about 2.21 percent. That’s the interest rate paid to the borrower of these notes. Yields rise when traders expect inflation to increase, and, therefore, interest rates climb. So what […]

LISTEN

EMBED

Inside the booming black market for bourbon

by Adam Allington

Jun 14, 2017

High demand and short supply mean some labels are all but unavailable in stores.

Adam Allington/Marketplace

LISTEN

EMBED

Corporate landlords may be getting a boost from the government

by Kimberly Adams

Jun 14, 2017

We are slowly becoming a nation of renters. What does that mean for Fannie Mae, the government-sponsored backer of mortgages for individuals and investors?

A rental home owned by Invitation in Las Vegas, NV.

Kimberly Adams/Marketplace

LISTEN

EMBED

As many suspected, the Federal Reserve raised interest rates a fourth of a percent today. It’s the third hike in six months, and we’ll get a little wonky parsing Janet Yellen’s comments on inflation, the labor market and overall economic health. Then, we’re going hunting for the silver lining in a very cloudy year for retailers. Plus: a look at why bootlegging is booming again.

Stories You Might Like

Music from the episode

Stella Here We Go Magic

Good Will Come to You Fruit Bats

Fantastic Man William Onyeabor

It Gets Funkier IV Vulfpeck, Louis Cole

Chaghaybou Tinariwen

Pay No Mind (feat. Passion Pit) Madeon, Passion Pit

Latest Episodes From Our Shows

4:53 PM PDT