Jun 12, 2024

Powell holds off on rate cuts

Kevin Dietsch/Getty Images

The chairman also indicated that the Federal Reserve expects to make just one reduction this year, but that could change as the data comes in. Plus: neighborhood rebrand alphabet soup.

Segments From this episode

Federal Reserve keeps interest rates unchanged

by Amy Scott and Maria Hollenhorst

“Marketplace” host Amy Scott gives an overview of the FOMC presser and the Fed’s latest interest rate decision.

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As interest rates stay high, that "lag effect" on the economy is playing out

by Mitchell Hartman

Jun 12, 2024

The Fed's rate hikes were meant to slow the economy and dampen inflation by raising borrowing costs. There's evidence that's happening.

The Federal Reserve kept interest rates at their current elevated levels, Chair Jerome Powell announced Wednesday.

Scott Olson/Getty Images

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As federal relief ends, child care providers expect to charge families more

by Liz Schlemmer

Jun 12, 2024

Congress committed $39 billion in federal funds to support the child care industry during the pandemic, but those funds are now drying up. Now, many child care providers plan to raise tuition.

Students in the 2- to 3-year-old classroom at the Community School for People Under Six in Carrboro, North Carolina. The preschool is raising its tuition rates for families this year in anticipation of losing federal COVID-19 relief funds.

Liz Schlemmer/WUNC

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What’s in a name? How neighborhood rebrands can grease the wheels of gentrification

by Amy Scott and Maria Hollenhorst

Jun 12, 2024

Neighborhood nicknames like SoHo or LoDo have become common in American cities. But what gets lost when neighborhoods rebrand?

Lower Downtown Denver has been referred to as “LoDo” since at least the 1980s. But more recently, a wave of two-syllable neighborhood nicknames are popping up across America.

Dustin Bradford/Getty Images

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A Warmer World

He assesses climate risk on the housing market, and he wants your attention

by Amy Scott and Aleezeh Hasan

Jun 12, 2024

As people become more aware of living in vulnerable areas, home prices will gradually reflect that risk, says Tim Judge of Fannie Mae.

"We do need every state to have flood disclosures," says Fannie Mae's Tim Judge. Above, water from a flash flood surrounds a home in Thermal, California, after a monsoonal thunderstorm in September.

David McNew/Getty Images

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Music from the episode

J-Boy Phoenix

Respiration Black Star, Common

Marry You Bruno Mars

Town & Country Bibio

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Sofia Terenzio Assistant Producer

Jordan Mangi Assistant Digital Producer

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