Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Navigates Sticky Jobs Data and Flat Rates
Lucas and Luna dig into today's ADP payrolls report—122,000 private-sector jobs added in May, stronger than expected—and ask what the Federal Reserve makes of a labor market that keeps churning even as the fed funds rate sits at 3.62 percent. With job openings surging to 7.6 million in April and core PCE inflation still above target, they explore why the Fed seems content to hold rates steady rather than react to every data release. The conversation touches on the ten-year breakeven inflation rate—which actually ticked down to 2.39 percent—and what that divergence between hot jobs and…
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