Inflation held steady in August. Yay?
Summary
Marketplace examines rising bond yields and the $40 trillion US debt, questioning if 3% growth can solve fiscal issues. The show analyzes sticky PCE inflation data and the Federal Reserve’s likely rate pause. Additionally, it covers how immigration crackdowns are thinning the construction workforce in Texas, cautious holiday hiring trends, and the growing, loosely regulated private security industry.
Topics discussed
Introduction: Rising costs of money and debt
Interview with Tara Sinclair on high bond yields
Analysis of PCE inflation data and Fed outlook
Ben Steerle on growing out of $40T national debt
Immigration crackdown impacts Texas construction
Market numbers and corporate earnings update
Holiday hiring outlook and retail efficiency
Curtis Lee on the private security guard industry
Historical context of bond yields and credits
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