Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What the ADP Miss Number Means for the Fed
The latest ADP report showed private payrolls added just 98,000 in June, well below expectations. Lucas and Luna examine what this 'miss' signals to the Federal Reserve about the labor market's trajectory, and how it fits with other data like core PCE at 3.3 percent and the ten-year yield at 4.47 percent. They discuss whether the Fed is more likely to cut rates this year or hold steady, and why job growth deceleration might not be a red flag yet. Specific focus on the service sector's role in the slowdown and the Fed's dual mandate trade-off between inflation and…
The skinny
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