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:

• • interest-rates.html">“Why Cut Interest Rates in an Economy This Strong? A Big Question Confronts the Fed” from The New York Times

• • “Personal Income and Outlays, January 2024” from Bureau of Economic Analysis

• • “Fed’s Preferred Inflation Metric Increases by Most in a Year” from Bloomberg

• • “Characteristics of minimum wage workers, 2020” from U.S. Bureau of Labor Statistics

• • “Wage increases haven’t really boosted inflation, new Fed research says” from Marketplace

• • “How does leap year affect your paycheck?” from Marketplace

• • “It’s leap day, an extra workday. Here’s what that means for your paycheck” from CNN

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.