A small number with a huge impact
Mar 16, 2022

A small number with a huge impact

The Federal Reserve announced a 0.25% interest rate hike today. But reining in inflation while supporting an economic recovery is a tricky balancing act.

Segments From this episode

Federal Reserve lifts interest rates a quarter point

Mar 16, 2022
Citing high inflation and the tight labor market, Fed Chair Jerome Powell announces the first rate hike since 2018.
Powell: The Fed is "committed to bringing inflation back down and also sustaining the economic expansion.”
Tom Williams-Pool/Getty Images

Companies reroute cargo away from Russian rail network

Mar 16, 2022
It could put extra pressure on global shipping and force companies to raise prices.
Some goods with high price margins, like computers and car parts, typically travel between China and Europe by rail. Above, a freight train rolls through a forest in Poland.
Sean Gallup/Getty Images

If China aids Russia, what options would the U.S. have?

Mar 16, 2022
The U.S. could expand tariffs on Chinese goods — but that may raise prices for American consumers.
Russian President Vladimir Putin and Chinese President Xi Jinping met in Beijing on Feb. 4. U.S. National Security Adviser Jake Sullivan has promised consequences if China were to assist Russia in its war against Ukraine.
Alexei Druzhinin/Sputnik/AFP via Getty Images

February was another disappointment for retail sales

Mar 16, 2022
They've been up and down like a bouncing ball for the past few months.
Not adjusting for inflation, retail sales in February were up just 0.3% over January. Factoring in inflation, they were actually down.
Patrick T. Fallon/AFP via Getty Images

What the Fed's move could mean for mortgage interest rates

Mar 16, 2022
It's not as simple as you might think.
The Federal Reserve raised short-term interest rates Wednesday, and the housing market is bracing for change.
Saul Loeb/AFP Getty Images

How the war in Ukraine could impact U.S. food prices

Mar 16, 2022
A grain wholesaler explains why a war in Europe is driving up grain prices around the world.
With so much uncertainty, the “risk premium” on U.S. food is going up, according to Eric Wilkey, president of Arizona Grain Inc.
David Rogers/Getty Images

Music from the episode

Headlines (feat. Westside Gunn, Conway & Benny) DJ Premier, Westside Gunn, Conway the Machine, Benny The Butcher
Reflektor Arcade Fire
Bassackwards Kurt Vile
Ride or Die (feat. Foster the People) The Knocks, Foster The People

The team

Nancy Farghalli Executive Producer
Daisy Palacios Senior Producer
Sean McHenry Associate Producer
Andie Corban Associate Producer
Richard Cunningham Associate Producer