Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Low Fire Rate Paradox Explained
Why initial jobless claims are hitting their lowest levels since the nineteen sixties while wage growth remains subdued. Lucas and Luna break down the 'low fire' phenomenon in the October twenty twenty six labor market, analyzing how structural shifts in hiring practices and corporate risk aversion are creating a paradox of stability that masks underlying fragility. With claims at one hundred ninety four thousand and unemployment ticked up to four point two percent, we explore what this data means for the Federal Reserve's path forward and whether this tightness is sustainable…
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