Apr 13, 2022

How high will interest rates go?

The Marriner S. Eccles Federal Reserve building is seen in Washington, DC, on March 14, 2022. Stefani Reynolds/AFP via Getty Images

Some economists say interest rates of 4% or 5% could be in the cards for the Federal Reserve. Plus: The state of the economy, as told by JPMorgan's earnings report.

Segments From this episode

What JPMorgan Chase's earnings report can tell us about the state of the economy

by Matt Levin

Apr 13, 2022

For the most part, the news is pretty good.

JPMorgan's financial results offer clues to where the economy is headed, analysts say. The giant bank generated $8 billion in profit in the most recent quarter.

Stan Honda/ AFP via Getty Images

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Just how high will interest rates go?

by Sabri Ben-Achour

Apr 13, 2022

We don't know. But the Taylor principle says rates should increase at least to the level of annual inflation to control rising prices.

Among the Federal Reserve's biggest challenges is quelling consumer expectations of high inflation.

Stefani Reynolds/AFP via Getty Images

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Russian sanctions result in a shortage of prized vacuum-tube guitar amps

by Paige Pfleger

Apr 13, 2022

Few factories make the tubes, valued for the sound quality they bring to amplifiers. A run on the market is driving up prices.

Todd Sharp holds a vacuum tube — what he says is key to high-quality sound from an amp.

Paige Pfleger/WPLN News

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Declining enrollment affects how public schools balance budgets

by Stephanie Hughes

Apr 13, 2022

It can be challenging to figure out whether pandemic-related changes will end up being permanent.

The recipient school districts are now considering how to use their donations, whether on improvements like a new gym or investments like college scholarship funds.

Michael Loccisano/Getty Images

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My Economy

A mobile bookstore in the Bronx “is where my heart is”

by Anais Amin

Apr 13, 2022

Storefront prices were too high, so Latanya DeVaughn of Bronx Bound Books used savings, a grant and a bus to realize her dream.

Courtesy Latanya DeVaughn

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Music from the episode

Slipped Disc Luke Vibert

Still Think Chrome Sparks

Life in the Fast Lane - 2013 Remaster Eagles

Lost Frank Ocean

Kamikaze MØ

The team

Nancy Farghalli Executive Producer

Daisy Palacios Senior Producer

Maria Hollenhorst Producer

Sean McHenry Associate Producer

Andie Corban Associate Producer

Richard Cunningham Associate Producer

Dylan Miettinen Associate Digital Producer

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