US inflation fell to 5% last month – the lowest rate since May 2021. March’s monthly consumer price index – which measures the price of a ‘basket’ of goods and services – continued its steady decline from its peak of just over 9%. It prompted US President Joe Biden to tweet that: “Inflation has come down 45% since its summer peak. Gas prices are down, and gr ... Show More
Apr 2022
Summers Predicts U.S. Recession More Likely Than a Soft Landing
Last year, Larry Summers famously shot down one of the Federal Reserve's favorite buzzwords, "transitory." This year, he's taking aim at "soft landing."The Harvard University professor, former Treasury secretary and paid Bloomberg contributor says a combination of high inflation ... Show More
31m 39s
Nov 2023
Biden’s Electric Car Problem
A little over a year ago, at President Biden’s urging, congressional democrats passed a sweeping plan to supercharge the production and sale of electric vehicles.Jim Tankersley, who covers economic policy for The Times, explains whether the law is actually working.Guest: Jim Tank ... Show More
25m 6s
Aug 2022
Seth Carpenter: Is a Global Recession Upon Us?
Amid global shocks across supply, commodities and the U.S. Dollar, central banks continue to fight hard against inflation, leading many to wonder if a global recession is imminent.
----- Transcript -----Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's chief ... Show More
3m 47s
Mar 2021
US congress to vote on $1.9tn stimulus bill, scaling up green hydrogen, Coupang’s IPO
The OECD said on Tuesday that president Joe Biden’s $1.9tn US stimulus programme will boost the global economic recovery, the pandemic is being blamed for lower birth rates across Europe, and the IPO of South Korean ecommerce group, Coupang, is being clouded by worker deaths. Plu ... Show More
10m 22s