The Indicator from Planet Money The cost of living, lead pipe removal, and a more expensive Mega Millions
9 snips
Oct 11, 2024 Scott Horsley, NPR's chief economics correspondent, joins to unpack intriguing economic trends. They discuss the slow decline of inflation and the Federal Reserve's mixed signals on interest rates. The conversation highlights the EPA's push for lead pipe removal, enhancing public health. They also touch on the Mega Millions lottery, which has seen a price hike to $5 amid growing demand, and delve into how lottery revenues support community projects. It's a lively exploration of how numbers shape our lives!
AI Snips
Chapters
Transcript
Episode notes
Slowing Inflation
- The Consumer Price Index (CPI) increased 2.4% over the last 12 months, the lowest in three and a half years.
- While inflation is slowing, it isn't decreasing as quickly as hoped.
Federal Reserve Uncertainty
- The Federal Reserve is unsure how quickly to cut interest rates due to slowly decreasing inflation.
- They are confident inflation is returning to their 2% target but are concerned about the pace.
Rising Costs
- Rising rent, grocery, and used car prices offset decreased gas prices in September.
- Grocery prices, especially eggs, significantly increased, impacting household budgets.