Marketplace All-in-One

Fresh off the Fed’s interest rate hike, we look at how the federal funds rate – which affects consumer debt – could impact monthly payments on things like car loans and mortgages. Bear markets are a harrowing time for everyone, but especially nonprofits. Michael Schumacher of Wells Fargo discusses market activity with us.

Juneteenth is a powerful day in history that marks the end of slavery in this country. However, big companies have been criticized for commercializing the holiday. We speak with Jeanine Poggi of Ad Age on how companies have missed the mark and what they should consider going forward. The Fed’s interest rate hike of three quarters of a percentage point raises questions of what’s next, not only for the Fed, but for the economy.

France’s president, as well as leaders from Germany, Italy, and Romania, are in Kyiv to meet their Ukrainian counterpart. Volodymyr Zelenskyy is expected to push the EU leaders to speed up military aid. The plunge in Bitcoin’s value has so far done little to change monetary policy in El Salvador, where it’s accepted in everyday transactions. And as nearly half of Afghans go hungry, even scraps of stale bread are an important commodity to be bought and sold in Kabul markets.

This week, 14 high school students presented their research projects at the Bio International Convention in San Diego. Some focused on medical technology, others on environmental solutions. One student presented a new volatile compound made from beer that he says will benefit honeybee colonies. The students competed for cash prizes of up to $7,500. “Marketplace Tech’s” Amanda Peacher followed one 16-year-old winner who traveled from Pennsylvania to showcase his project.

The Federal Reserve raised interest rates today by the largest amount since 1994 to try to get inflation under control. One of our listeners is wondering what the average consumer can do to keep inflation at bay. We’ll offer a potential solution. Plus, we tackle your questions about rent control, private equity and the costs of all those canceled flights.

Here’s everything we talked about today:

If you’ve got a question for us, send it to [email protected] and (508) 827-6278 or (508) U-B-SMART.

Today, the Federal Reserve hiked its key interest rate by three-quarters of a percentage point — the biggest increase since 1994. The move will come with some pain for consumers as the Fed tries to slow the economy and get Americans to spend less. But, if retail sales offer any insight, that may already be happening. Plus, an oil demand forecast and a new Department of Education position.

The Senate bipartisan agreement for a framework on gun control includes increasing the ability of states to enact “red flag laws.” We examine what those are, and how they’re supposed to work. New York lawmakers have set their sights on slowing down crypto mining. The BBC’s Victoria Craig checks in regarding the emergency meeting of the European Central Bank.

It’s the day markets have been waiting for: The Federal Reserve policy-making committee wraps up two days of meetings. The central bank’s latest moves on interest rates are expected to be known in the afternoon. China correspondent Jennifer Pak details some of the struggles of Shanghai residents as the city emerges from its lengthy COVID lockdown. The landscape of school security continues to change following the mass shooting in Texas.

From the BBC World Service: Less than a week after its last policy decision, the European Central Bank’s governing council is meeting to discuss a selloff in the regional bond market. Egypt signs a provisional deal on natural gas exports with Israel and the European Union. And the news that K-pop superstars BTS are taking some time off has broken hearts around the world – and sent shares in their record label down as much as 28%.

Apple’s latest operating system, iOS 16, includes a new feature, Safety Check. It’s a resource aimed at giving people in abusive relationships better ability to control — or regain control of — their privacy and communications. Many criticized Apple after the rollout of its AirTag technology last year, warning it was being used to aid abusers in tracking and stalking their targets. Marketplace’s Kimberly Adams speaks with Erica Olsen, director of the Safety Net Project at the National Network to End Domestic Violence. She explains how Apple’s Safety Check works.