Three indicators: Housing falls, the yen splutters, supply chain breathes : The Indicator from Planet Money When interest rates are on the up and up, the housing market tends to slide down and down. That, plus the declining value of the Japanese yen, and updates about the global supply chain on indicators of the week.

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Housing, yen, supply chains vs. the Fed

Housing, yen, supply chains vs. the Fed

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Allison Dinner/Getty Images
An &#039;open house&#039; flag
Allison Dinner/Getty Images

This week, the U.S. Federal Reserve hiked up interest rates again. Today, we learn about the ripple effects of central bank hikes.

Like when interest rates go up, that means mortgage rates rise and the housing market slows. Also, the Japanese yen's slumping meant the government intervened to prop it up. Also, global supply-chain pressures are easing. All on indicators of the week.

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For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.