Stormy weather.
Today on Planet Money:
The Federal Reserve cut a benchmark interest rate today for the second time in three weeks — knocking half a percentage point off the federal funds target rate. It's now at 1, and it's all about you.
— Vinny Catalano, president of the Blue Marble investment firm, says the stock market will go up. Absolutely. Positively. Up.
— Economic historian John Steele Gordon explains the Federal Reserve wants people to borrow money — responsibly.
— Listener Sean Flynn wants to know what in the world is a "yen-carry trade."
— Currency strategist Meg Browne of Brown Brothers Harriman explains the yen-carry trade, and more.
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