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Economy NPR's Snigdha Prakash reports that labor costs shot up in the second quarter, spooking the markets again about inflation, and raising the specter of more interest rate hikes. Stocks tumbled on all major markets. The news overshadowed a somewhat contradictory report that economic growth slowed considerably in the second quarter, with consumers slowing their pace of spending.

All Things Considered

Economy

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Economy

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NPR's Snigdha Prakash reports that labor costs shot up in the second quarter, spooking the markets again about inflation, and raising the specter of more interest rate hikes. Stocks tumbled on all major markets. The news overshadowed a somewhat contradictory report that economic growth slowed considerably in the second quarter, with consumers slowing their pace of spending.