Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why The Fed Is Ignoring The Labor Market Right Now
With the unemployment rate at 4.1 percent and nonfarm payrolls quietly shrinking, Lucas and Luna unpack why the Federal Reserve is looking past the jobs report. They examine the disconnect between rising job openings and stagnant hiring, asking whether the labor market is actually cooling or just changing shape. Using August ADP data and July JOLTS figures, they explore how wage growth remains sticky despite weaker headline employment numbers. This episode dives into the specific mechanics of how the Fed weighs conflicting signals when deciding whether to cut rates in September. It is a deep…
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