logo
episode-header-image
Sep 2024
21m 25s

The Fed Finally Cut Rates. What Does Tha...

THE WALL STREET JOURNAL & GIMLET
About this episode

The Federal Reserve cut interest rates this week, after a two year battle with inflation. David Uberti explains how that will impact the economy and we hear from two couples about what they hope this means for their finances. 


Further Listening:

- A Fed Insider on the Looming Rate Cut 

- What the Stock Market Panic Says About the Economy 

- Trump Allies Draft Plans to Rein in the Fed 


Further Reading:

- Americans Are Desperate for Relief. The Rate Cut Is a Glimmer of Hope

- The Fed Aims to Repeat Greenspan’s 1990s Masterpiece 

- Fed Cuts Rates by Half Percentage Point 


Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Jul 14
Why Elon Musk’s AI Chatbot Went Rogue
Last week, Grok went rogue. The AI chatbot – which users can interact with on X – posted antisemitic comments and graphic descriptions of violence before being deactivated, leaving users with a question: Where were Grok’s guardrails? WSJ’s Alexander Saeedy breaks down what happen ... Show More
22m 52s
Jul 11
Can Superman Save Warner?
The man of steel is back in a new $225 million reboot. Riding on this weekend’s release is the hope that DC Studios will finally begin to match the past successes of its archrival Marvel. Its parent company Warner Bros. Discovery views DC Studios as critical to its success or fai ... Show More
22m 36s
Jul 10
Who Will Be the Next Fed Chair? Maybe Kevin
For years, President Trump has feuded with the Federal Reserve and Chair Jerome Powell over interest rates. And now, two Republicans named Kevin (Kevin Hassett, one of Trump’s closest economic advisers and Kevin Warsh—a former Fed governor) are vying to be the next chairman of th ... Show More
22m 47s
Recommended Episodes
Sep 2024
Is the Fed’s Plan to Avoid a Recession Working?
Preston Caldwell, senior US economist for Morningstar Research Services, discusses why the Federal Reserve made an aggressive interest-rate cut now. And what these lower rates mean for borrowers.Morningstar’s Take on the Federal Reserve’s First Interest-Rate Cut in 2024 What is t ... Show More
19m 29s
Sep 2024
Fed-letter day: at last, a rate cut
The first reduction in interest rates for four years shows America’s Federal Reserve thinks inflation is now in check. But does the central bank’s decision suggest it is now concerned about the labour market? Ukraine wants its allies to provide long-range missiles (9:50). Our cor ... Show More
25m 31s
Sep 2024
Fed’s Major Rate Cut Could Boost Harris’ Momentum
The Federal Reserve slashed interest rates aggressively Wednesday, announcing the first rate cut since March 2020. The half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards. It marks a crucial milestone for the central bank’s histori ... Show More
48m 48s
Jun 2024
What the Bank of Canada’s interest rate cut means for you
The Bank of Canada lowered the interest rate to 4.75 per cent on Wednesday – the first rate cut in four years. As the country’s central bank aims to get the inflation rate closer to 2 per cent, further cuts could be on the horizon. Realtors are hoping the rate cut will reignite a ... Show More
18m 53s
Sep 2024
Fed-letter day: at last, a rate cut
The first reduction in interest rates for four years shows America’s Federal Reserve thinks inflation is now in check. But does the central bank’s decision suggest it is now concerned about the labour market? Ukraine wants its allies to provide long-range missiles (9:50). Our cor ... Show More
25m 31s
Sep 2024
Interest rates, inflation and the American consumer
The Federal Reserve is expected to cut interest rates this week for the first time in four years. It would be a major milestone in the central bank’s long fight to get inflation under control. The Fed changes interest rates to keep inflation in check. But inflation is a complex p ... Show More
28m 53s
Jan 2025
UBS On-Air: Paul Donovan Daily Audio 'Rates and spending'
The Federal Reserve decides on rates—the market consensus is for unchanged rates today. US President Trump advocates for rate cuts, but that view point may be biased by their experiences as a borrower. The rate outlook is complicated. Underlying inflation pressures are modest, an ... Show More
2m 25s
Sep 2024
The Fed says go big or go home
The Federal Reserve today said it’s lowering its benchmark interest rate by half a percentage point. The rate cut is bigger than we’d predicted, and bigger than what the Fed normally does, but its effects will take some time to ripple through the economy. We’ll also get into form ... Show More
13m 20s
Jul 2024
No summer vacay for the Fed
What are the chances of an interest rate cut from the Federal Reserve this week? And how much will the central bank be paying attention to the unemployment report? We’ll discuss that and more as the guardians of rates gather for a meeting tomorrow and Wednesday. Then, we’ll unpac ... Show More
6m 44s