Fed Keeps Interest Rates High; Jobs Grow for 40th Consecutive Month

#502: The Fed met earlier this week and elected to keep interest rates at a 23-year high, in an effort to wrestle inflation closer to its two percent target. Despite this, the April jobs report, which was released today, shows that jobs grew for the 40th consecutive month, and unemployment remains under 4 percent, an historic low, for the 27th straight month. The 12-month inflation rate is 3.5 percent, based on March CPI data. Stocks remain on a tear, but performance is lopsided, with 10 companies driving 85 percent of this years’ gains. We cover this and more in our First Friday economic update episode. Enjoy! For more information, visit the show notes at https://affordanything.com/episode502 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Om Podcasten

You can afford anything, but not everything. We make daily decisions about how to spend money, time, energy, focus and attention – and ultimately, our life. How do we make smarter decisions? How do we think from first principles? On the surface, Afford Anything seems like a podcast about money and investing. But under the hood, this is a show about how to think critically, recognize our behavioral blind spots, and make smarter choices. We’re into the psychology of money, and we love metacognition: thinking about how to think. In some episodes, we interview world-class experts: professors, researchers, scientists, authors. In other episodes, we answer your questions, talking through decision-making frameworks and mental models. Want to learn more? Download our free book, Escape, at http://affordanything.com/escape. Hosted by Paula Pant.