Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Wage-Inflation Trap Locking Fed Rates Higher
With August CPI data showing inflation outpacing wage growth, we examine the squeeze on American paychecks and what it means for Federal Reserve policy. Lucas and Luna discuss how sticky services inflation is locking interest rates higher, keeping the Fed Funds rate at 3.63 percent as consumer outlooks plunge. This episode breaks down the mechanics of real income erosion and why the central bank can't cut rates until that gap closes.
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