Joining us now is Frederick Michigan, former Federal Reserve Governor and currently an economics professor at Columbia University. Uh Frederick, great to see you. What what crossed your mind when you saw this PPI number this morning.How much of this is clearly tariffs and how much does it complicate the narrative that well the Fed of course has to cut in September and then we'll continue. So I don't put a huge amount of weight on a PPI uh particular number. It's very volatile.Uh however, even before this, I ...

Labor Market - US unemployment benefit applications edged lower last week [1] - Suggesting employers remain reluctant to layoff workers [1]

Why does the #stockmarket keep making record highs when there is so much concern over #tariffs, #inflation, #stockbubbles and rising #unemployment ? Investopedia Editor-in-Chief, @calebsilver breaks down the 3 key reasons #investors keep buying. https://t.co/qQf919pKif ...

Interest Rate Expectations - The market is pricing in a 100% chance of a rate cut at the September meeting [1] - PIMCO anticipates the Fed will likely resume cutting rates by 25 basis points in September [1] - The pace and extent of rate cuts will be dictated by incoming data [2] - There are differing views within the Fed regarding whether they are already behind the curve [4] Labor Market and Inflation - The recent unemployment report provided new information about the labor market's velocity and job creation [2] - Inflation data was largely as expected, offering no significant new insights to the Fed [2] - The pass-through from tariffs has not been as onerous as initially anticipated [3] Fixed Income Market Opportunities - Starting yields are a good indicator of returns in fixed income, currently around 5% [8] - Active management in fixed income can yield returns higher than 5% [9] - Fixed income offers a good return relative to risky assets [9] - Fixed income could potentially yield double-digit returns if the economy performs unexpectedly and the Fed responds forcefully [10]

China's unemployed young adults who are pretending to have jobs https://t.co/HGbHR9Qaq0 ...

Labor Market - Unemployment rate has remained stable at 42% for over a year [1] - The stable unemployment rate of 42% indicates a historically strong labor market [1]

We start with another uncomfortable truth linked to AI-- the possibility that this time, it really is different, different in what technological change is doing to recent college graduates trying to start their careers. There is no question that AI is here to stay. Just last month, we reported that Anthropic, a company that didn't exist 6 years ago, could be worth more than Nike or Starbucks.-Anthropic 170 billion, xAI in talks for 200 billion, and I think there's nowhere to go but up. Westin: and there's n ...

Since graduating college, I would say I've applied to around 200 jobs. >> I would say I've applied to about 150, maybe more. Now, >> some of the interview processes consist of constructing models and valuations.Some of them are pitch decks. >> I made it to the final round for one like big tech company. Didn't end up getting it.I'm past round two for another one and the other ones I either haven't heard back or just like ghosted. Yeah. >> It's a story that's becoming more common and it's being reflected in a ...

SHOW ME A CARFAX COM. >> THE NUMBER OF AMERICANS NOW RECEIVING UNEMPLOYMENT BENEFITS IS NOW AT ITS HIGHEST LEVEL SINCE THE COVID 19 PANDEMIC, LABOR DEPARTMENT DATA SHOWS. JUST SHY OF 2 MILLION PEOPLE GETTING THOSE JOBLESS CHECKS.BUT PRESIDENT TRUMP IS STILL DENYING THAT LAST WEEK'S BAD JOBS NUMBERS WERE ACCURATE. SO TO BOLSTER HIS POINT, HE BROUGHT AN ECONOMIST FROM THE CONSERVATIVE HERITAGE FOUNDATION INTO THE OVAL OFFICE WITH LOTS OF CHARTS TO TALK NUMBERS WHAT THE WASHINGTON POST CALLS AN EIGHT MINUTE PE ...

Inflation Expectations - The New York Fed's inflation expectations rose for the one-year term to 3.1% [1] - The five-year inflation expectation, which the Fed is most concerned about, increased by three ticks to 2.9% [2] - Expectations for gas prices, medical care, college, and rent all declined [2] Unemployment Expectations - Unemployment expectations dropped 2.3 percentage points, reaching the lowest reading since January 2025 [2] - There is less concern about job loss, but paradoxically more concern about finding a job [3] Interest Rate Expectations - A rate cut for September is almost fully priced in [3] - October is also priced in, and December has been the swing factor with a 51% probability [3][4] Fed Chair Candidate - Chris Waller is considered a front runner to become Fed chair [4] - Waller has presented the most convincing economic monetary policy argument for a rate cut [5] - Many Fed watchers, investors, and fixed income folks would be happy with Chris Waller [5] - Waller has shown flexibility to disagree with the chair and agree with the president on the issue of rate cuts [6]