Sec. Bessent's big plan to finance the national debt
Summary
Marketplace examines rising US bond yields, with experts warning that Treasury’s shift to short-term debt is risky financial engineering. The episode also covers upcoming changes to the PCE inflation index and the Jackson Hole central bank symposium. Additionally, it highlights small business challenges, a surge in multifamily housing permits, and the federal debt surpassing $40 trillion.
Topics discussed
Sponsor: Capital One Saver Card
Record high 30-year bond yields and market concerns
Treasury strategy: Shifting from long-term bonds to T-bills
New PCE inflation formula and its potential impact
Jackson Hole symposium and local small business views
Market numbers: Stocks down, Walmart earnings slump
Sponsor: Capital One Venture X Card
Rise in multifamily housing construction permits
Retail sales data and viral adult summer camp
US debt hits $40 trillion and growth challenges
Listener survey and giveaway announcement
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