Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Labor Market's Silent Shift
August payrolls rose 162,000 with women driving nearly all the gains while the unemployment rate held at 4.1 percent. Lucas and Luna explore why this K-shaped labor recovery is forcing the Federal Reserve to rethink its dual mandate. With the Fed Funds effective rate sitting at 3.63 percent and core PCE still sticky, we examine how demographic shifts in hiring are reshaping wage pressure and policy expectations.
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The skinny
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