WASHINGTONPOST (Steve Thompson) - Inflation remained stubbornly higher in August
The Labor Department’s consumer price index held steady last month, rising as expected for the year ending in August.
YOUTUBE (MS NOW) - Republicans 'never really cared' about fiscal responsibility 'they just pretend to': Rampell
The federal deficit is growing by $2 trillion each year. Americans are grappling with affordability amid the Iran war and President Trump's tariffs. Economics Editor at The Bulwark Catherine Rampell and University of Michigan Professor of Economics Betsey Stevenson join Ali Vitali to provide more insight.
NYTIMES (Joe Rennison and Alan Rappeport) - Treasury Plans $6 Billion in Debt Repurchases to Battle Rising Yields
Bond yields rose after the announcement, suggesting investors were underwhelmed by the size of the purchases.
AXIOS (Courtenay Brown) - Trump bans some Canadian imports as North America trade war intensifies
President Trump said the U.S. would ban Canadian alcohol, some dairy products and large motorcycles, sharply escalating a trade war largely fought with tariffs . Why it matters: The measures deepen the economic rift between countries that have spent decades interlinking commerce, threatening disruption for businesses and consumers on both sides of the border. Zoom in: The import bans take effect Sept. 29, effectively cutting off U.S. market access for the targeted Canadian goods rather than simply making them more expensive. - Trump imposed the bans under Section 338 of the Tariff Act of 1930, which allows the president to bar imports from countries that maintain or increase discrimination against U.S. commerce. - The White House said…
AXIOS (Courtenay Brown) - America's jobs scare recedes
The labor market looks considerably healthier than it did at the start of the summer. Why it matters: Friday morning's jobs report recast the last two months as a period of modest job growth rather than of outright deterioration, capped by a gain last month that was more than triple what economists expected. - The labor market is weathering the Iran conflict and an AI-driven transformation of the economy with surprisingly little damage, at least for now. - For the Federal Reserve, the report puts inflation even more squarely in focus — with less evidence that the labor market is too fragile to hold up in the event of higher interest rates. What they're saying: "August turned the heat back up on the job market," Glassdoor chief…
YOUTUBE (CNN) - CNN explains the global bond market rout
Global bond yields are up sharply, and that can put major pressure on consumers. CNN’s Phil Mattingly talks with David Goldman and Allison Morrow about why. Life is getting more expensive. What’s next? Stream CNN Breaks It Down for answers on the CNN app: https://cnn.it/4bZ6MRr #BondMarket #CNNBreaksItDown #News
NYTIMES (Eshe Nelson) - The Bond Markets Are Pushing Up Rates. Will Central Banks Follow?
Around the world, rising bond yields reflect shifting expectations on how fast policymakers will raise interest rates.
ABCNEWS (ABC News: Top Stories) - Jobs report to show whether hiring bounced back from unexpected job loss
A jobs report on Friday is set to provide a key gauge of the U.S. economy as shoppers weather elevated inflation and central bankers weigh a possible interest rate hike.
YOUTUBE (Fox Business) - Economic growth could SOLVE deficit problem #shorts
Strategic Wealth Partners CEO Mark Tepper discusses deficit problem and says that raising interest rates will not be the answer. #foxbusiness #fox #marktepper #economy #debtcrisis #nationaldebt #deficit #interestrates #fed #inflation #markets #businessnews #usnews #macroeconomics
YOUTUBE (MS NOW) - Ruhle breaks down the bond markets and how they may affect YOU
With talks about the global bond sell-off and rise in yields, Stephanie Ruhle explains how the bond markets work and why you should care. #bonds #bondmarkets #economy #interestrate