so, the more we have to pay for food, the more we have to cut back on something else. > reporter: the other issue s that wages have not been rising, at least not by much. still, economist dean maki points out the recent cut in the payroll tax will put more money in americans wallets. so, what s happening now, consumers are going to be facing higher energy bills, higher food prices. but that s more than offset by the payroll tax cut right now. if this were to happen a few months from now, it would be a potentially more serious issue. reporter: energy and food costs are expected to creep higher this year. but experts say it will at least a few years before we see more widespread inflation in the economy. suzanne pratt, nightly business report, new york. tom: tomorrow morning begins a parade of profit reports from the banking industry. j.p. morgan chase is the first big bank to turn in its financial report card. so what can investors expect from banks? fred cannon joins
so, the more we have to pay for food, the more we have to cut back on something else. > reporter: the other issue s that wages have not been rising, at least not by much. still, economist dean maki points out the recent cut in the payroll tax will put more money in americans wallets. so, what s happening now, consumers are going to be facing higher energy bills, higher food prices. but that s more than offset by the payroll tax cut right now. if this were to happen a few months from now, it would be a potentially more serious issue. reporter: energy and food costs are expected to creep higher this year. but experts say it will at least a few years before we see more widespread inflation in the economy. suzanne pratt, nightly business report, new york. tom: tomorrow morning begins a parade of profit reports from the banking industry. j.p. morgan chase is the first big bank to turn in its financial report card. so what can investors expect from banks? fred cannon join
so, the more we have to pay for food, the more we have to cut back on something else. > reporter: the other issue s that wages have not been rising, at least not by much. still, economist dean maki points out the recent cut in the payroll tax will put more money in americans wallets. so, what s happening now, consumers are going to be facing higher energy bills, higher food prices. but that s more than offset by the payroll tax cut right now. if this were to happen a few months from now, it would be a potentially more serious issue. reporter: energy and food costs are expected to creep higher this year. but experts say it will at least a few years before we see more widespread inflation in the economy. suzanne pratt, nightly business report, new york. tom: tomorrow morning begins a parade of profit reports from the banking industry. j.p. morgan chase is the first big bank to turn in its financial report card. so what can investors expect from banks? fred cannon join
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. up, up and away that s where u.s. treasury prices headed for the third straight day. tom, another weak report on private sector employment that ignited today s rally in bonds. as government bond prices climbed, the yield on the 10- year note fell as low 2.36%. tom: that s the lowest level for the benchmark note since january of last year. susie: the recent run-up in treasuries has renewed talk of a bubble in the bond market. suzanne pratt takes a look at whether it s a mistake for investors to buy bonds at current high price tags. reporter: as if small investors don t have enough to worry about, now there s a debate on wall street as to whether a bubble is brewing in government bonds. if there is and it pops, it would create big losses for bond investors, who have been seeking the safety of treasuries. b.n.p. paribas bon
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening everyone. up, up and away that s where u.s. treasury prices headed for the third straight day. tom, another weak report on private sector employment that ignited today s rally in bonds. as government bond prices climbed, the yield on the 10- year note fell as low 2.36%. tom: that s the lowest level for the benchmark note since january of last year. susie: the recent run-up in treasuries has renewed talk of a bubble in the bond market. suzanne pratt takes a look at whether it s a mistake for investors to buy bonds at current high price tags. reporter: as if small investors don t have enough to worry about, now there s a debate on wall street as to whether a bubble is brewing in government bonds. if there is and it pops, it would create big losses for bond investors, who have been seeking the safety of treasuries. b.n.p. paribas bon