cover of episode That lurking recession never showed up

That lurking recession never showed up

2024/7/15
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Marketplace

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Fed Chairman Jerome Powell comments on the recent political violence and the economy, noting the Fed's cautious approach to loosening policy despite some confidence in inflation moving down.

Shownotes Transcript

The economy seems to be coming in for a soft landing, and that’s a big reason banks are doing so well. Markets are up, emboldening companies to make merger deals, which they pay investment banks to execute. JPMorgan Chase just posted the highest quarterly net income for a bank in U.S. history — $18.1 billion. Also: On the eve of Amazon Prime Day, how a shipping hub handles quick turnarounds. Plus, another decline in China’s GDP, and a DJ looks back at her analog life spinning vinyl.