Jul 12, 2023

Wages are outpacing inflation again, but don’t get too excited

Jim Watson/AFP via Getty Images

Plus, we take stock of the recent seismic changes in markets and dig into a new food trend.

Segments From this episode

Consumer price data suggests the Federal Reserve has inflation under control. Now comes the hard part.

by Mitchell Hartman

Jul 12, 2023

The June CPI numbers were pretty good, but more interest rate hikes are likely coming on the way to the central bank's 2% target.

Good June CPI numbers likely won't stop the Fed from more interest rate hikes, said Joe Brusuelas at RSM.

Win McNamee/Getty Images

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Wages have started to outpace inflation. But let's not get too excited.

by Samantha Fields

Jul 12, 2023

Wage growth beat inflation in May and June for the first time since March 2021. But economists say two months do not a trend make.

In an ideal world, "economists think that workers should get an increase each year in their pay of around 2% to keep pace with inflation, and an additional 1 to 1.5% to keep pace with productivity growth," says Julia Pollak, chief economist at ZipRecruiter.

Jim Watson/AFP via Getty Images

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Are stocks just not gonna do as well anymore?

by Sabri Ben-Achour

Jul 12, 2023

Some economists — citing interest rates, taxes and market cycles — think we are entering an era of underperformance.

Some economists believe the stock market's strong performance of recent decades is unsustainable.

Spencer Platt/Getty Images

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U.S. crude is playing a bigger role in pricing global oil

by Lily Jamali

Jul 12, 2023

The addition of American crude oil to the Brent benchmark had an immediate impact on global oil prices.

Adding plentiful American crude to the Brent benchmark means the price is now influenced by a more stable source, said Eli Tesfaye of RJO Futures.

Frederic J. Brown/AFP via Getty Images

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This little-known accounting measure is ringing an economic warning bell

by Kai Ryssdal and Andie Corban

Jul 12, 2023

The level of corporate earnings manipulation is similar to that of other pre-recessionary periods, according to the M-Score.

The M-Score was used to flag Enron as having an elevated risk of fraud years before the company filed for bankruptcy.

James Nielsen/Getty Images

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The newest viral TikTok trend? Cottage cheese

by Kai Ryssdal and Livi Burdette

Jul 12, 2023

Cottage cheese, the curd-filled dairy product of 1970s diet fad fame, is back and trendier than ever.

This newly viral ingredient has been in the dairy aisle for decades.

Tim Graham/Getty Images

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Music from the episode

Tangerine Glass Animals

Hate It Or Love It The Game, 50 Cent

Oh Devil Electric Guest

What's The Diference Dr. Dre

Summer Party 3019 In Love With a Ghost

Wait a Minute! WILLOW

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Dylan Miettinen Associate Digital Producer

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