About this episode
Is the U.S. economy … good? Bad? Somewhere in the middle? If it feels like you're desperately shaking a Magic 8 Ball for economic tea leaves, and even it's telling you, 'Ask again later.' Well, it might be on to something. While we're all hearing anecdotes about empty cargo ships from China and fewer people eating at McDonald's, the hard data that would point to a possible recession hasn't shown up yet. Case in point: Tuesday's better-than-expected Consumer Price Index numbers, showed inflation cooled slightly last month despite uncertainty around President Donald Trump's tariffs. Ben Casselman, chief economics correspondent for The New York Times, explains why the vibes don't match the data.
And in headlines: President Trump eliminated sanctions on Syria, Cassie Ventura began testifying in music mogul Sean 'Diddy' Combs' federal sex-trafficking and racketeering trial, and the Trump Administration ended federal temporary protected status for Afghans in the U.S.
Show Notes:
- Check out Ben's work – www.nytimes.com/by/ben-casselman
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- For a transcript of this episode, please visit crooked.com/whataday
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