영어회화 영어공부 팟캐스트 실전영어 DAY 3

NPR Podcast

THE INDICATE PLANET MONEY 

Are both rents AND interest rates too dang high?

 

When inflation is high, the Federal Reserve raises interest rates to cool down the economy and get prices under control.

I started to mumble about this in my sleep, like, tossing and turning.

*upend (위아래를) 거꾸로 하다[뒤집다] 

But there is one part of the economy, a really important part, that is upending what we know about how the Fed brings down inflation.

The housing market is posing this huge challenge for the Fed right now.

Higher interest rates may lead to higher home prices and rents.

This difference in mortgage rates has created something called mortgage lock-in.

The net effect, it turns out, is that prices have risen.

She says she has kept hearing about it since.

We're going to kick things off with a data point from Julia.

You're at the same time taking out both supply and demand.

*net effect 순수효과, 순효과 

So what is actually the net effect on prices?

*to sum this whole thing up 전체를 요약하자면

*let's not just rip up ~을 전부 무시하지 말자

*the Fed's entire inflation-fighting playbook 연준의 인플레이션 대처 전략

But she also says, let's not just rip up the Fed's entire inflation-fighting playbook.

Now, I just want to be clear that that doesn't mean that monetary policy is not effective.

So people are stuck on the rental rung of the housing ladder.

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The Federal Reserve has once again opted to leave interest rates unchanged. That appears to be creating a big challenge to one part of the economy: housing prices. Today, we look at how elevated interest rates may actually be keeping home prices and rent high. Plus we see how one community is taking the issue of housing affordability into its own hands.

 

NPR 팟캐스트 원문기사 보러가기 

Are both rents AND interest rates too dang high?

Are both rents AND interest rates too dang high? : The Indicator from Planet Money