Economy

Data centers were one of the bright spots in a year that saw total construction spending decline 1.4% from the previous year.

The private credit market has grown fivefold since the 2008 financial crisis, according to the Federal Reserve, and now sits somewhere near the $2 trillion-mark globally. In the last couple weeks, though, the market has gone a bit sideways.

New data on producer price inflation, or PPI, will be released on Friday. And while it’s not the inflation that faces consumers, it impacts decisions companies make about raising prices.

“Marketplace” host Kai Ryssdal explains how markets “bake in” anticipated news before it happens.

Right now, consumers expect high inflation. They think, on average, inflation will be 6.5% in a year and 7.2% in five to 10 years, according to the Michigan Survey of Consumers.

These corporate bonds could end up competing for the same money that might otherwise go into U.S. Treasuries. That could drive interest rates higher.

Bostic, president and CEO of the Federal Reserve Bank of Atlanta, is retiring from his position at the end of the month.

The salary premium for job switchers is now around 2%. Four years ago, it was 8%.

A new study out of the Cato Institute finds that immigrants pay more in taxes and receive less in benefits than the average.

The Supreme Court’s decision eliminated a large number of the Trump Administration’s tariffs, but other tariffs, unrelated to the International Emergency Economic Powers Act, remain.