Kai Risdall

Demand for government bonds can tell us how nervous investors are as they turn to treasuries in times of trouble.

And the yields those traders demand can tell us how much inflation they expect.

So Marketplace's Justin Ho starts us off with the signals that short, medium, and long-term government bond yields are sending us right now.

at least through this year and perhaps through next year as well.

The Fed would, in fact, like to cut rates

Probably another half percent at some point, but they're not going to do it until inflation is materially lower than it is now.

I'm Justin Ho for Marketplace.

Here's one for your macroeconomic calendar.

Should you find yourself with a free moment tomorrow morning, 10 o'clock Eastern, you could do worse than tuning into the Senate Banking Committee hearing.

The guest of honor will be Kevin Warsh, President Trump's pick to chair the Federal Reserve.

Wall Street today.

So, look, here's a thought.

Maybe traders are just done with the war and all the head-snapping news thereof.

Major indices down a little bit.

We'll have the details when we do the numbers.

There's just a lot happening in this economy right now between the lingering effects of tariffs and inflation and slowing growth and the war.

And it's going to be months at least before consumers start to feel the full effects.

But effects a bit short of full are beginning to crop up, and our bellwether of choice today is fresh tomatoes.

The most recent Consumer Price Index shows tomato prices were up 15 percent in March from a month earlier, up more than 22 percent in the past year.

Marketplace's Kristen Schwab looks at the humble tomato and the cost increases along its supply chain.