Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
What Rising Job Openings Tell the Fed About Inflation
In this episode of The Macro Memo, Lucas and Luna dive into the surprising April JOLTS report, which showed job openings jumping to 7.6 million from 6.9 million. They explore why this surge matters for the Fed's inflation fight, how it complicates the path to rate cuts, and what it reveals about the labor market's resilience. With the fed funds rate at 3.63% and core CPI still elevated, the hosts discuss whether this data point is a signal of strength or a headache for policymakers. They also touch on the 10-year breakeven dropping to 2.26% and what bond markets are pricing in. A…
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