The Impact of Interest Rates on Personal Finances

Global stocks markets have suffered big losses in recent days following last week’s disappointing US jobs report, which suggests America’s economy is slowing. The selloff raises expectations that the Federal Reserve will slash interest rates next month as it works to lower inflation. In this episode, we explain how the average consumer should be thinking about this moment and why negative feelings about the economy are so baked in for some people. 

Guest: Catherine Rampell, CNN Economic and Political Commentator

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