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TLDRocket
6 September 2026
Donald Trump’s latest inflation message—“stupidity” blamed for higher prices—landed alongside a macro reality check: a stronger August jobs report and a bump in the 10-year Treasury yield to 4.79% on Friday. Beyond the politics, the bigger throughline is how markets are learning to price the administration’s next economic moves in the same breath as AI. If growth hinges on “AI-led productivity” while tariffs and tax cuts try to offset demand shocks, then the tolerance for surprises shrinks fast—especially when bond yields move and the policy channel starts looking like a lever rather than a guideline.
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