The Fed decides to wait and see

The Fed just announced a pause on interest rate hikes for the first time in over a year. With inflation still double the Fed's 2% target, what's the plan here? Today on the show, how a shower helps explain the Fed's incremental approach.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

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A bite-sized show about big ideas. From the people who make Planet Money, The Indicator helps you make sense of what's happening in today's economy. It's a quick hit of insight into money, work, and business. Monday through Friday, in 10 minutes or less.