Let's import some inflation

The price of imported goods, sans energy, was up 4.5% year-over-year in July. Data center buildout is driving that jump — imported computer prices were up 17%. In this episode, we explain why import price inflation is distinct from regular inflation and what that leap means for Fed rate-setting. Plus: U.S. oil firms ink deals with Venezuelan producers, the Treasury excecutes on major bond buybacks, and Kai meets a duo trying to turn Hollywood upside-down — or, at least, vertical.

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Read the stories in today’s episode:

• What happens when import prices skyrocket? More inflation, of course
• U.S. oil companies ink production deals with Venezuela
• Microdramas get the "Hollywood treatment" at this new studio