How are markets responding to last night’s debate?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 11 September 2024
⏱️ 8 minutes
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Summary
The first — and potentially only — presidential debate between Vice President Kamala Harris and former President Donald Trump is officially in the books. Economic issues took up plenty of air time. We’ll unpack how markets appear to be digesting both candidates’ performances and policies. Plus, fresh Labor Department data shows that annual inflation cooled in August to 2.5% — the lowest rate since February 2021. How might Fed officials respond?
Transcript
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| 0:00.0 | Inflation is down to a three and a half year low. |
| 0:04.0 | The Labor Department's Consumer Price Index report is out this morning and it shows annual |
| 0:08.8 | inflation cooled in August to 2.5%. That's the lowest rate since February 2021. The |
| 0:16.2 | CPI and the producer price index throughout tomorrow are the final readings on |
| 0:20.6 | inflation that Federal Reserve officials will get before meeting next week |
| 0:24.4 | to discuss interest rates. |
| 0:26.8 | For more, we're joined by Susan Schmit, she's head of public equities at the State of |
| 0:30.4 | Wisconsin Investment Board. |
| 0:32.1 | Good morning. Good morning. |
| 0:33.0 | Good morning. |
| 0:34.0 | So let's delve into the numbers. |
| 0:35.0 | Headline inflation. |
| 0:36.0 | The annual figure is down to a three and a half year low, |
| 0:38.6 | but core inflation is another story, isn't it? |
| 0:41.8 | That's right. |
| 0:42.4 | Core inflation this time around came in slightly higher |
| 0:45.5 | than headline inflation. That's changed for us and it isn't as low as |
| 0:51.2 | economists would like. |
| 0:53.3 | That core inflation number came in at 3.2% year over year |
| 0:56.8 | or 0.3% month over month. |
| 0:59.5 | And what does that tell us? |
| 1:01.4 | So core CPI measures prices X the cost of food and energy and |
... |
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