More than 330,000 Haitians lost their ability to legally live and work in the U.S. this week. A recent Supreme Court ruling allowed the Trump administration to end Temporary Protected Status for refugees from certain countries. In this episode, why the policy change will deliver a swift blow to the healthcare sector. Plus: Economists weigh the Fed’s next interest rate move, businesses report cautious optimism in new survey, and a Baltimore club redistributes wealth to neighbors in need. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. Read the stories in today’s episode: Economists share their Fed expectations Businesses report optimism, despite all the economic uncertainty A new kind of club wants people to share the wealth What the end of TPS for Haitians could mean for the labor force To reduce their climate impact, airlines target contrails Circus school balances world-class programs with small town values

TPS cuts will tear through the labor market

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[SPEAKER_B] The Federal Reserve meets this week. What are they going to do on interest rates? Yeah, wouldn't you like to know? From American Public Media, this is Marketplace. In Los Angeles, I'm Kyle Rysdahl. It is Monday today, the 27th day of July. Good as it always is. Always is to have you along, everybody. Here with Wednesday's news today. At 2:00 in the afternoon, 2 days from now, the Federal Open Market Committee is going to release its announcement on interest rates. Expectations are, based on basically zero evidence, as I'll get into in a minute, that the central bank is going to hold rates steady. We, the Fed-watching members of the business and economic journalism community, don't have much evidence because, as you have heard here and elsewhere, Chairman Warsh is a good deal less loquacious than his predecessor. Most particularly, Warsh has scrapped what's known as forward guidance—the Fed giving us a hint, a really, really good hint, of what it is going to do before it does it. But you know what? Even if the Fed is staying mum on its rate projections, markets get a vote. Marketplace's Justin Ho made some calls so we could do some forward guidance of our own.

TPS cuts will tear through the labor market

Read the full transcript

The candid version is on a podcast,
not the earnings call.

TPS cuts will tear through the labor market

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.