Jun 14, 2021

Why inflation can be a self-fulfilling prophecy

"No one thinks about how much I should spend on cereal in response to changes in gas prices," an economist says. Jim Watson/AFP via Getty Images

Also: Why restaurants say they need more financial aid, more companies are investing in cyber insurance, and Canada’s agricultural worker program is under scrutiny.

Segments From this episode

The Federal Reserve

Consumer forecasts of inflation could be a self-fulfilling prophecy

by Nancy Marshall-Genzer

Jun 14, 2021

A Federal Reserve survey found consumers are expecting inflation to hit 4% next year.

Consumers told the New York Fed they expect a 4% inflation rate next year. Officials with the central bank will meet this week to consider adjustments to their interest rate policy.

Scott Olson via Getty Images

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COVID-19

Congress wants to give restaurants $60 billion more in aid

by Kristin Schwab

Jun 14, 2021

Supporters say the original Restaurant Revitalization Fund wasn’t enough.

Restaurant owners, who face more costly goods and a labor shortage, say they need financial aid even as pandemic restrictions ease and businesses reopen.

Stephanie Keith/Getty Images

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In London's Borough Market, importing is a "roller coaster" after Brexit

by Kai Ryssdal and Sean McHenry

Jun 14, 2021

Britain's departure from the EU created a new trade regime for British businesses. A honey seller describes her importing experience.

Beekeepers harvesting honey. "We pay tariffs to Italy, to let our products out of Italy," says Samantha Wallace. "And then we pay a tariff to the U.K., which is quite ironic, as a U.K. business."

Marco Bertorello/AFP via Getty Images

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Immigration

Canada's agricultural worker program is under scrutiny amid the pandemic

by Emma Jacobs

Jun 14, 2021

COVID-19 raised questions about the working and living conditions for some of the country's immigrant workers.

Farm workers fill up bins in the back of a truck with zucchini.

Joe Raedle via Getty Images

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Music from the episode

Beneath the Mask (From "Persona 5") [For Flute & Piano Duet] Shoji Meguro, daigoro789

From Home, to Work, and Back.. Tall Black Guy

Standing In The Middle Of The Field - Tensnake Remix Cut Copy, Tensnake

Philodendron Fields Monster Rally

Far Away All India Radio

Starfire Cory Wong

The team

Nancy Farghalli Executive Producer

Daisy Palacios Senior Producer

Maria Hollenhorst Producer

Sean McHenry Associate Producer

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