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Inflation held steady in August. Yay?
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The PCE price index (that's the Fed's preferred measure of inflation) held steady year-over-year in the latest report. Economists expected it to move up. So, why didn't it budge -- and why aren't we all celebrating? Also in this episode: Seasonal work is hard to find so far this fall, Trump's immigration crackdown weakens construction productivity in South Texas, and Kai explains the long-term implications of rising borrowing costs.
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Read the stories in today’s episode:
- The Fed's preferred inflation measure was lower than expected in August. Is that a good thing?
- Can the U.S. just grow its way out of debt?
- Immigration crackdown adds delays, costs to South Texas construction
- More people are looking for seasonal work this year. So far, it's hard to find
- There are more private security guards than police. How much are they paid?