The Weekly Wrap: People Are Worried About Diesel Prices and AI Crowding Out Everything
\n\nThe 10-year Treasury yield hit its highest point since 2002. This is actually a sign of economic strength, but the financial press insists it means doom because Donald Trump is president, and the First Rule of Trump Era Financial Media is that everything is bad and always getting worse as long as the Bad Man is in White House. The minutes of the Fed’s last meeting showed most officials expect another rate hike by year-end. But not this month! Markets now put roughly 17 percent odds on an October hike. The December move now enjoys 80 percent odds. Jobless claims fell to 197,000, which is near levels rarely seen since 1969. The S&P 500 closed at 7,818.93 on Tuesday, the highest on record. But everyone says they hate the economy, so the University of Michigan’s gauge of current conditions sank to a record low.
\n\nFor this week’s wrap, we’re mostly just going to ignore all that so we can talk about trucks and AI. Vroom! Vroom!
\n\nThe financial press in recent weeks has been full of stories about calamitous commercial consequences arising from what everyone keeps…
Original source: https://www.breitbart.com/economy/
