Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed's New Problem With Sticky Services Inflation
With the S&P 500 down half a percent and ten-year Treasury yields holding near five percent, the Federal Reserve faces a stubborn problem: services inflation refuses to behave like goods. Lucas and Luna examine why core CPI remains elevated at three hundred thirty-eight point nine despite cooling housing costs, and what the recent drop in jobless claims signals about wage pressures in the care and hospitality sectors. This episode drills into the specific mechanics of why the FOMC might pause its hiking cycle even as prices keep ticking up.
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