11min chapter

The Daily cover image

A Strange Moment for the U.S. Economy

The Daily

CHAPTER

Navigating Inflation and Used Car Prices

This chapter examines the recent surge in used car prices, driven by a rental car shortage and rising demand as the economy reopens. It connects these trends to broader inflation concerns, discussing the Federal Reserve's challenges in managing expectations and potential interest rate hikes. The dialogue also contrasts varying state responses to unemployment benefits and their implications for economic recovery.

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