Today we’re geeking out over the bond market. The yield on the benchmark 10-year Treasury note has dropped from a few weeks ago and now sits close to 4.1%. We’ll unpack what a bond market rally could mean for the Federal Reserve’s interest rate decision-making as well as for the average American. Plus, what happens when someone says they intend to abuse their power? We’ll get into former President Donald Trump’s remarks at an Iowa town hall last night.
Here’s everything we talked about today:
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Less is not always more in economic data
Why the Fed won’t hop on the rate-cutting bandwagon just yet
What summer heat waves mean for prisons
The good, the bad and the ugly of election polling
A shadow looms over the Fed
The long game of high interest rates
The growing troubles at OpenAI
A Trump-Musk bromance
How Big Food changed the way we eat
Biden doubling down on tariffs
How the Palestinian financial system is tied up in Israel
Private equity, endless shrimp and Red Lobster’s decline
Neoliberalism’s sleight of hand
Getting deep about deepfakes
The price tag on friendship
Whaddya wanna know about key inflation measures?
The great Bumble fumble
From “Million Bazillion”: What are labor unions?
The value of “third places”
What grocery aisle gossip can tell us about the economy
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