Federal Reserve's Interest Rate Decision and Political Repercussions

The typical sales price of an existing family home in the United States in December: 372,700. The number of layoffs in the tech sector since the beginning of the year: 76,000. The number by which consumer spending fell in December: 0.2 percent. The increase in the cost of the same kind of carton of eggs bought by an editor on “The Daily” a year apart: 251 percent.

What do these numbers tell us about the state of the country’s economy?

Guest: Ben Casselman, an economics and business reporter for The New York Times.

Background reading: 

• The U.S. economy showed momentum at the end of 2022, defying recession fears and displaying the resilience of consumers and businesses in the face of inflation and rising interest rates.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

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