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How the Hot Jobs Report Is Stalling Fed Rate Cuts
The May jobs report came in hotter than expected, pushing the Fed further from cutting rates. On this episode of Inflation and Your Money, Lucas and Luna break down what the payrolls number means for your wallet, why the bond market is still pricing in cuts despite the data, and how the one-two punch of strong employment and sticky inflation is reshaping everything from your mortgage rate to your 401(k). They also look at the timing—Fed Chair Kevin Warsh faces his first major policy test since taking office, and the market's reaction tells you a lot about what investors really think. If…
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