When is inflation no longer "transitory?"
Summary
Marketplace examines the latest inflation data, noting a 3.8% annual rise and its impact on consumer expectations and small business expansion. The episode features an Iowa farmer discussing rising input costs and trade hopes, while MIT experts address AI’s role in the job market. Additionally, the show covers new hydroelectric power lines from Quebec to the Northeast and the surge in oil prices due to geopolitical tensions.
Topics discussed
Sponsors: VantageScore and Puerto Rico manufacturing
Inflation spike, Fed goals, and persistent price pressures
Market reaction to inflation data
Iowa farmer on China trade, fertilizer costs, and diesel
Small business growth stalls due to skills gap and inflation
Market numbers: Under Armour loss and Venture Global gain
Sponsors: QuickBooks Workforce, Keeper, and Dell
MIT's new AI major and the future of entry-level jobs
New hydroelectric power line from Quebec to New York
Closing notes on oil prices and credits
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