A cast of hawkish central bankers

Global central banks are turning hawkish in unison as the Federal Reserve is expected to hike interest rates, following the European Central Bank and ahead of a likely move by Japan. The episode explores why synchronized tightening is happening, the impact on the U.S. dollar, a record high in diesel prices due to inelastic demand, and the broader trend away from traditional ownership toward subscriptions and rentals. A personal story rounds out the show with a woman building a tiny home in her mother's backyard.