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The economy is already responding to higher interest rates
Apr 7, 2022

The economy is already responding to higher interest rates

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Demand for mortgages dipped last month. We'll also interrogate the low unemployment rate and look at the impact of expanded banking in underserved communities.

Segments From this episode

Is it possible for unemployment numbers to be too low?

Apr 7, 2022
This week jobless claims were at their lowest since 1968. What's the economic downside of too few people looking for work?
The unemployment rate doesn't necessarily paint the whole jobs picture.
Stefani Reynolds/AFP via Getty Images

The Fed's interest rate hike is already reducing demand for mortgages

Apr 7, 2022
Getting demand to soften is the point because that's expected to help tame inflation.
Applications for home mortgages and loan refinancings are slowing down. Will inflation follow the trend?
Justin Sullivan/Getty Images

How could additional capital for banks in communities of color help local businesses?

Apr 7, 2022
The Treasury Department provided $9 billion to lenders in underserved communities, allowing them to expand and support entrepreneurs.
Toriano Fredericks, owner of Boricua Soul in Durham, North Carolina. It was difficult, but his restaurant was able to survive the pandemic and remain open.
Leoneda Inge/WUNC
After a delayed start due to pay disputes, baseball is back.
Quinn Harris/Getty Images

Cleveland's baseball team takes the field as "Guardians"

Apr 7, 2022
Economic pressures have played a role in the campaigns to change mascot names that many people consider racist.
The team changed its name after being pressured to drop branding that many people considered racist.
Emilee Chinn/Getty Images

Looking for a home that's accessible? That will make your search even harder.

Apr 7, 2022
A retired economist tells the story of her search for an accessible home.
There are no front steps at Nikki Finlay's new home. "I could walk straight in the front door," she says.
Courtesy Nikki Finlay

Music from the episode

Pacific Theme Broken Social Scene
Palm Trees Loop Schrauber
Esperar Pra Ver Poolside, Fatnotronic
Respiration Black Star, Common
Juice Lizzo

The team

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