Well, there's a deal. We think. Let's see what the economy thinks, shall we? From American

public media. This is Marketplace.

I'm Kyle Riz Monday 10 at November today.

It is always to have you along, everybody.

Whether there does turn out to be a deal to end the government shutdown as it now appears

or whether it falls apart, the government data drought is going to continue through this week,

which means we are going to miss a couple of key inflation reports that are due in coming days, the consumer and the producer price indexes.

So there is that.

But we are going to hear from a handful of people over the next couple of days whose job it is to run this economy. Among them, Mary Daley, the president of the

Federal Reserve Bank of San Francisco, who wrote this morning that despite the president's tariffs,

she figures inflation expectations, what we consumers think is going to happen with prices,

are still, and this is her quote, relatively well anchored around the Fed's 2% target.

So we are going to take our cue from her today and have Marketplace's Justin Ho explain some of the things that seem to be keeping inflation in check.

Earlier in the year, it seemed like a safe bet that the president's tariffs would cause inflation to pick up.

You know, somebody has to absorb the

costs. Jennifer Lee is senior economist with BMO capital markets. There are plenty of categories

where tariffs have led to higher prices. For instance, imported goods, including apparel and furniture.

But Lee says recent trade agreements could prevent inflation from getting worse, including the one-year

truce with China. Assuming that it does stick, you know, that I think is very good news for the

consumer. Plus, imported goods just aren't what people spend most of their money on. Sarah House,

senior economist at Wells Fargo, says consumers spend the bulk of their money on services.

And that kind of inflation has been cooling off.

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