Wage growth disappoints
Summary
Host Kristen Schwab analyzes the strong August jobs report and its implications for Federal Reserve interest rate decisions, alongside rising bond yields and tepid wage growth. The episode features reports on farmers coping with high equipment costs by repairing older machinery and an interview about the surge in American international travel. It concludes with a personal story from the "Clocked Out" series and notes on the widening U.S. trade deficit.
Topics discussed
Century Insurance ad and show intro
August jobs report analysis and revisions
Fed rate hike expectations and inflation data
Bond market highs and financial tightening
Wage growth lagging behind rising prices
Farmers relying on older equipment due to costs
Market numbers and sponsor ads
Surge in American travel to Europe
Clocked Out: Mom returns to school for law degree
US trade deficit growth and show sign-off
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