On Wednesday, the Federal Reserve is expected to raise interest rates yet again in its latest effort to hold down inflation. On Tuesday, Republican Congressman George Santos of New York said he would temporarily step down from two congressional committees. A poll of Santos's constituents has found that the vast majority of them want him to resign.
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:
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