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Planet Money
The Indicators of this year and next
Dec 27, 2023
The Planet Money hosts and The Indicator hosts debate the economic indicators of 2023 and predict the indicator for 2024. Topics include the soft landing, consumer sentiment, housing market, interest rates, Bidenomics, and junk fees. Listeners can vote for the winner on Planet Money's Instagram. The hosts also discuss perceptions of the future, the impact of interest rates, populist pitches, and upcoming episodes.
15:37
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Quick takeaways
- The economic indicator of 2023 was the saga of the soft landing, with the question of whether the Fed could bring down inflation without triggering a recession.
- Consumer sentiment reflected a disconnect despite positive economic data and a soft landing on the horizon, potentially shaping upcoming elections and policy decisions.
Deep dives
Indicator of 2023: The Saga of the Soft Landing
The main storyline of 2023 was the saga of the soft landing, with the focus on whether the Fed could bring down inflation without triggering a recession. This created a year of suspense, with monthly waiting for new inflation numbers and debates about the Phillips curve and yield curve. The whole year resembled a rom-com, with the question of whether the Fed and the soft landing would have a happy ending.
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