Introduction:
In today’s episode, we dive into three critical stories shaping the economic and political landscape. First, an unexpected 0.1% decline in wholesale prices in August has sharply increased market expectations for a Federal Reserve interest rate cut, with futures now pricing in a full 100% chance. This comes alongside a significant downward revision of job numbers by the Bureau of Labor Statistics, confirming concerns expressed by JPMorgan’s Jamie Dimon. Next, millions of Americans face a looming health insurance crisis as enhanced Affordable Care Act subsidies are set to expire, potentially causing premiums to surge by 75% for 22 million people, including 4.2 million gig workers. Lastly, former President Donald Trump is pushing the European Union to impose 100% tariffs on imports from China and India in an effort to pressure Russia amid the ongoing conflict in Ukraine. We’ll explore why US Treasury Secretary Scott Bessent supports this move and why it could have unintended consequences for Europe’s supply of rare earth elements.
Content and Timestamp:
00:00:31 Unexpected Drop in Wholesale Prices Boosts Odds for Fed Rate Cut
00:05:07 ACA 'Subsidy Cliff' Threatens 22 Million with Skyrocketing Premiums in 2026
00:08:30 Trump Urges EU for Drastic Tariffs on China and India to Pressure Russia
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