Latest / The National Debt Podcast with Fexingo: Treasury, Borrowing, and Long-Term Fiscal Outlook
How The September Jobs Report Reshapes Debt Strategy
The September jobs report delivered a sharp shock to the system, with nonfarm payrolls rising by just twenty-nine thousand and the unemployment rate ticking up to four-point-two percent. Lucas and Luna unpack what this specific labor market falter means for federal borrowing costs and the long-term fiscal outlook. They connect the softening employment data to the widening ten-year two-year yield spread of forty-six basis points, exploring how slower growth might paradoxically increase debt service pressure in the near term. This episode moves beyond generic inflation talk to examine the…
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