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Tangle

The latest economic signals.

Jun 13, 2024
28:24
Snipd AI
The podcast explores the latest economic indicators, including May's CPI report. They discuss the impact of inflation on the US economy, the Federal Reserve's stance on interest rates, and the implications for President Biden's reelection. Additionally, they cover global news, a new Hulu series, and insights on writing nonfiction.
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Podcast summary created with Snipd AI

Quick takeaways

  • Core inflation rose 0.2%, showing steady pace, while Producer Price Index declined unexpectedly, indicating favorable price trend.
  • Federal Reserve left interest rates unchanged as inflation slightly decreased to 3.3%, indicating cautious approach towards future rate adjustments.

Deep dives

Positive Economic News in May Jobs Report

The May jobs report defied expectations by adding 272,000 jobs, signaling positive news for the economy. Although the unemployment rate rose to 4%, the CPI report showed no change from the previous month, with overall inflation at 3 .3 %. Core inflation, excluding volatile foods and energy, rose 0 .2%, indicating a steady pace. The Producer Price Index declined unexpectedly, indicating a favorable trend in prices.

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