The Fed’s last gut check

Marketplace

When the August consumer price index is released Wednesday, it’ll be the final major inflation report before the Federal Reserve’s policymakers meet next week, when they’re expected to cut interest rates. But how important is the CPI as a gut check this time around? Also in this episode, backup generators are too expensive for many older Texans who need them most, China makes electric vehicles that seem impossibly cheap, and U.S. leaders show interest in a sovereign wealth fund.