Inflation held steady in August. Yay?
Summary
Marketplace examines rising bond yields and their impact on borrowing costs, noting that core inflation remains sticky at 3.4% despite recent data revisions. The episode features economists discussing the feasibility of Treasury Secretary Bessent’s claim that 3% GDP growth can resolve the $40 trillion national debt, with experts arguing that spending cuts and revenue increases are also necessary. Additional segments cover how immigration crackdowns are thinning the construction workforce in Texas, cautious holiday hiring trends due to consumer financial stress, and the growing, loosely regu…
Topics discussed
Sponsor: Pega AI platform
Sponsor: Odu business software
Intro: Rising bond yields and expensive money
Interview: Tara Sinclair on debt and interest rates
Report: PCE inflation data and Fed outlook
Interview: Ben Steever on national debt and growth
Report: Construction labor shortage in South Texas
Market numbers and corporate earnings
Sponsors: Illinois MBA, Wise, Blinds, Gusto
Report: Holiday seasonal hiring outlook
Interview: Curtis Lee on private security guards
Closing: Historical context on bond yields
Sponsors: Marketplace donation and Erie Home
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