Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why the Fed Is Watching Softer Job Openings
In this episode of The Macro Memo, Lucas and Luna unpack the latest JOLTS report showing job openings at 7.359 million in June, down from 7.537 million, and what that signals for the Federal Reserve. With the unemployment rate at 4.2 percent and the Fed funds rate holding steady at 3.63 percent, the hosts explore why a cooling labor market might not trigger immediate easing. They discuss the divergence between job openings and hires, the implications for wage growth and inflation, and how Fed Chair Kevin Warsh is likely interpreting the data. The conversation digs into the 'quits…
The skinny
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