Marketplace All-in-One All eyes on the inflation data
Jun 27, 2025
Greg Ip, an economic commentator from The Wall Street Journal, dives into crucial economic data revealing a dip in disposable income and its implications for the economy. He discusses how inflation continues to strain poorer households and debates the Federal Reserve's balancing act between inflation control and economic growth. The chat also examines emerging trends in retail, the impact of tariffs on prices, and a look into the future of charitable giving with Tim Cadogan, CEO of GoFundMe, highlighting the evolving role of crowdfunding.
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Inflation Data Holds Key Focus
- Inflation data is the key focus for the economy and Federal Reserve policy right now.
- Tariffs have had limited broad price impact but have raised prices in tariff-exposed goods categories.
Consumer Spending Slows Growth
- Consumer spending is weaker than initially thought, weakening GDP growth.
- The trend of slowing spending warns of slower economic growth ahead, though not necessarily a recession.
Fed Chair Appointment Creates Uncertainty
- Appointing a new Fed chair before Powell's term ends causes market uncertainty.
- The incoming chair may be more dovish, aligning with President Trump's preference for lower rates.