Marketplace All-in-One

Kevin Warsh held his first press conference as Fed chair on Wednesday, and — unlike his precedessor — did not say what the central bank plans to do next. Despite his tight lips, markets read between the lines and predict a rate hike is coming soon. In this episode, why Warsh is rewriting the Fed’s communication style, and how it could alter the economy. Plus: Jobless claims tick down a bit, GPS shapes global infrastructure, and RV owners struggle to sell their vintage digs.

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Read today’s stories:

Unemployment is still low, but so is hiring
Fed Chair Kevin Warsh is trying to keep his options open. Investors are parsing his words anyway
GPS is a pillar of the global economy, and it's also pretty vulnerable
Used RV sales are up, but many large, older rigs are sitting on lots for months

While the Federal Reserve voted to keep interest rates steady yesterday, the path ahead for rates is far from certain. One big factor is artificial intelligence, which new Fed Chair Kevin Warsh thinks can help workers produce more, adding to the supply of whatever a company makes with the same resources. Today, we'll unpack the argument, then paint a picture of the labor market and dig into energy lessons from the 1970s.

The company behind the new electric Slate vehicle — which has a somewhat rudimentary, Tonka-truck-like frame — is highlighting its simplicity and affordability. Next week, we’re going to learn just how affordable it really is. And while some of Slate’s marketing is geared toward rural and working people, the reality is that driving EVs in those areas can still be a challenge. Then, Hollywood is backsliding on diversity, but that's not true for audiences.

Weddings are meant to be joyful milestones and a chance to show up for the people we love. But for many people today, being a part of a wedding can come with multi-day trips, expensive outfits, and financial pressure that leads to years of debt.

Reema is joined by cultural commentator Josh Lora and The Atlantic editor Annie Joy Williams to talk about the cost of being a wedding guest, why wedding culture is getting more expensive, and how to navigate the pressure to say yes.

Did you find a creative way to make your wedding affordable for your friends? Give us a call at 347-RING-TIU or send us an email at uncomfortable@marketplace.org

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AI has ushered in a golden age for scams. There are the deepfake kidnapping calls, the vibecoded ecommerce websites and one of the latest, according to a recent article in the Hollywood Reporter, is a casting scam targeting aspiring actors. Marketplace’s Meghan McCarty Carino spoke with labor and media reporter Katie Kilkenny who wrote about how this scheme typically unfolds.