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We’ve got mail! And, lots of questions about inflation from listeners. Today, we’ll explain why interest rates cuts may be on the horizon even amid a booming economy; the relationship between the minimum wage and inflation; and what leap day means for your paycheck. Plus, Kai and Kimberly get a special delivery!

Here’s everything we talked about today:

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  • “Personal Income and Outlays, January 2024” from Bureau of Economic Analysis
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  • “Fed\u2019s Preferred Inflation Metric Increases by Most in a Year” from Bloomberg
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  • “Characteristics of minimum wage workers, 2020” from U.S. Bureau of Labor Statistics
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  • “Wage increases haven’t really boosted inflation, new Fed research says” from Marketplace
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  • “How does leap year affect your paycheck?” from Marketplace
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  • “It\u2019s leap day, an extra workday. Here\u2019s what that means for your paycheck” from CNN
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Get ready for Economics on Tap and subscribe to our newsletter to get a copy of our new cocktails zine. The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.