Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed's Growing Unease About Sticky Wage Inflation
With the May CPI print showing a 4.2% annual increase, the Federal Reserve is confronting a persistent source of price pressure that doesn't appear in the headline number: wage inflation. Lucas and Luna dig into the latest Employment Cost Index data and the Atlanta Fed's wage tracker to explain why services inflation remains stubborn even as goods prices cool. They discuss how the Fed is weighing a tight labor market against the risk of an oil-driven recession, and what it means for the timing of rate cuts. Specific numbers include the 3.8% year-over-year wage growth and the 0.9%…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.