Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why July Jobs Report Signals a Fed Shift
In this episode of The Macro Memo, Lucas and Luna dissect the surprising July jobs report, which showed a loss of 23,000 jobs, the first negative print in years. They unpack what this means for the Fed's next move, especially with core PCE ticking up and GDP growth slowing to 1.5 percent. The hosts discuss the divergence between the household and establishment surveys, the drop in job openings, and why the labor market cooling might be exactly what the Fed needs to see before any rate cut. They also touch on what the bond market is pricing in, with the ten-year Treasury yield at 4.7…
The skinny
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