Inflation held steady in August. Yay?

About this episode

The PCE price index (that's the Fed's preferred measure of inflation) held steady year-over-year in the latest report. Economists expected it to move up. So, why didn't it budge -- and why aren't we all celebrating? Also in this episode: Seasonal work is hard to find so far this fall, Trump's immigration crackdown weakens construction productivity in South Texas, and Kai explains the long-term implications of rising borrowing costs. Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter. Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future. Read the stories in today’s episode: • The Fed's preferred inflation measure was lower than expected in August. Is that a good thing? • Can the U.S. just grow its way out of debt? • Immigration crackdown adds delays, costs to South Texas construction • More people are looking for seasonal work this year. So far, it's hard to find • There are more private security guards than police. How much are they paid?