![The Fed decides to wait and see - podcast episode cover](https://media.npr.org/assets/img/2023/06/14/gettyimages-1292913466-1-_sq-de68173bd76041915449a61872f32ca59bcdf1b3.jpg?s=3000&c=66&f=jpg)
Episode description
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.
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