A fast food “canary in the coal mine”

2024/7/29

Marketplace

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The Federal Reserve, Bank of England, and Bank of Japan are all facing different economic challenges and adjusting their interest rate policies accordingly. The Fed is expected to maintain rates, while the Bank of England considers a cut and the Bank of Japan might raise rates to stimulate the economy.

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McDonald’s reported weak sales in its second quarter. A slowdown in restaurant spending — if that’s what’s happening — may signal an economic downturn is brewing. Or, are the chain’s underwhelming results a byproduct of pandemic spending trends or rising wages? Also in this episode: Being a firstborn kid has its economic advantages and three major central banks are meeting this week. Plus, we’ll explain how maximum employment is measured.

A fast food &#8220;canary in the coal mine&#8221; 26:26 Share

Marketplace

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Shownotes Transcript

A fast food “canary in the coal mine”