Inflation held steady in August. Yay?
Summary
This episode examines the rising cost of borrowing as long-term government bond yields hit a quarter-century high, with economist Tara Sinclair explaining how higher interest rates will slow economic growth. The show also analyzes the latest inflation data, noting that core PCE remains sticky at 3.4% despite methodological changes, and features Ben Steeele discussing the feasibility of Treasury Secretary Bessent’s claim that 3% GDP growth can resolve the $40 trillion national debt. Additional segments cover the labor shortage in South Texas construction due to immigration enforcement, cauti…
Topics discussed
Sponsor: Pega AI platform
Sponsor: Odu business software
Marketplace intro and show overview
Rising bond yields and borrowing costs
10-year Treasury yield hits 25-year high
PCE inflation report analysis
Fed rate hike predictions
Interview: Ben Steer on US debt and growth
Construction labor shortage in Texas
Market numbers and corporate news
Sponsors: Illinois MBA, Wise, Blinds, Gusto
Holiday hiring outlook and retail trends
Interview: Curtis Lee on private security
Closing thoughts on bond yields and credits
Marketplace donation appeal and sponsor
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