PBD Podcast Home Team | PBD Podcast | Ep. 291
Jul 27, 2023
The discussion kicks off with a nostalgic look at music intertwined with current events. Perspectives on rising interest rates and retirement planning reveal significant challenges ahead. The recent labor deal at UPS sparks a debate on wages and consumer perceptions of unions. They tackle the reality of retirement savings, urging a shift in financial responsibility toward future generations. The conversation also touches on the pressing need for community action in light of societal issues and the complexities of celebrity accountability in the justice system.
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Fed Raises Interest Rates
- The Federal Reserve raised interest rates to a 22-year high, leaving the door open for further increases.
- This impacts mortgage rates, making it harder for people to buy homes, but might also indicate improving economic stability.
Economy Mirrors Pre-COVID
- Despite rising interest rates and inflation, current economic indicators like unemployment and the stock market are similar to pre-COVID levels.
- This suggests a potential soft landing for the economy, contradicting earlier recession predictions.
UPS Strike Averted
- UPS and the Teamsters Union reached a deal, averting a strike and raising average full-time employee pay to $49/hour.
- This deal benefits workers but may increase shipping costs for consumers.
