Services stall as manufacturing booms
Summary
Host Kai Rizdahl discusses a pivotal week for the economy, noting that rising inflation fears and Fed Governor Chris Waller’s hawkish speech make rate cuts unlikely for new Chair Kevin Warsh. The episode highlights a split economy where manufacturing booms while services stall, alongside the financial struggles of small music venues facing high costs and shifting consumer habits. Finally, reporter Kaylee Wells explores the economic impact of birding festivals in Ohio, where enthusiasts spend heavily on gear and travel during migration season.
Topics discussed
Sponsors and show introduction
Theory: Rising rates and Kevin Warsh's Fed chairmanship
Inflation expectations and Fed communication changes
Bond market risks and consumer sentiment
Stock market update and mixed PMI economic data
Sponsors and transition to next segment
Struggles of independent live music venues
The economic boom of birding festivals in Ohio
Fed chair trivia and sign-off
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