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The podcast discusses inflation cooling off, potential Fed rate cuts, EU tariffs on Chinese EVs. Jake Paul ventures into skincare, North Dakota sets age limit for candidates. Scientists ages reverse in space, Denmark considers banning spicy ramen.
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- Inflation rates cooling off in May may lead to a Fed rate cut, contrasting with EU tariffs on Chinese EV imports.
- Space study suggests potential anti-aging effects of spaceflight, raising curiosity and aiding astronaut recovery strategies.
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Inflation Rates and Fed's Decision
Inflation rates have shown signs of cooling, with May's numbers coming in lower than expected. The consumer price index remained flat from April and increased by 3.3% from a year ago, slightly below expectations. Despite this positive trend, Fed Chair Jerome Powell expressed caution about interest rate cuts, citing modest progress in fighting inflation.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode