4.5 • 808 Ratings
🗓️ 14 August 2025
⏱️ 8 minutes
🧾️ Download transcript
President Donald Trump fired the commissioner of the Bureau of Labor Statistics earlier this month, claiming that the monthly jobs numbers — which were revised downward — were “rigged” to make him look bad. Plenty of companies use BLS data to make business decisions. With questions raised about the quality and regularity of that data now, how do alternate data sources compare? Also: a flare of inflation at the wholesale level and a comeback for adjustable-rate mortgages.
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1:01.0 | A flare of inflation at the wholesale level. I'm David Brancaccio in Los Angeles. This is just one |
1:08.5 | month but concerning. There is news this morning that wholesale inflation is running hot, |
1:13.7 | jumping nine-tenths of a percent from June to July, three times what economists were expecting. |
1:19.2 | Consumer inflation had come in relatively tame, but could this delay a cut in interest rates? |
1:24.7 | Diane Swank is the chief economist at the audit tax and advisory firm, |
1:28.8 | KPMG. The data suggests that firms are actually passing along higher prices onto consumers |
1:35.2 | and that their margins actually widened. So that's important to watch. And that's something |
1:41.0 | that, you know, we watch for the Fed's preferred measure of the index, |
1:45.7 | the PCE index, which is derived from both the CPI and the PPI. |
1:50.3 | That's not going to be quite as hot, although it will show that we're starting to see |
1:55.0 | inflation continue to move up. |
1:57.5 | Now, our central bankers, the guardians of interest rates, will have to absorb this |
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