Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Factory Job Cuts Hit Levels Not Seen Since 2008
New data shows factory job cuts in June 2026 are running at levels not seen since the financial crisis and the early pandemic. Lucas and Luna dig into the S&P report, what it means for manufacturing employment, and whether this is a warning sign for the broader economy. They examine the 159 million nonfarm payrolls figure against the JOLTS job openings spike, and ask if the Federal Reserve is paying attention. The hosts also discuss what the bond market is signaling through the 10-year breakeven rate now at 2.23 percent. A focused conversation on one alarming data point and its implications…
The skinny
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