Shows / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Lucas and Luna dissect the Federal Reserve's every move—from FOMC rate decisions and dot-plot projections to the arcane mechanics of open market operations. Each episode opens with a live data snapshot: the current fed funds rate, Treasury yield curve slope, and the latest reading on the Fed's preferred inflation gauge (PCE). Then they argue over what the data actually means. Should the market price in a cut? Is QT about to end? Why did one regional Fed president break with the consensus? The…
Episodes
The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary PolicyTreasury Buybacks and the Fed's Balance Sheet Endgame
With the Treasury General Account reportedly near one trillion dollars and bond buybacks back in the headlines, Lucas and Luna unpack what the Fed's…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching the Treasury General Account's New Math
The Treasury General Account, or TGA, is the government's checking account at the Fed. It's usually a dry technical detail, but in August 2026…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Cares About the Treasury General Account
The Treasury General Account, or TGA, is the checking account the U.S. Treasury keeps at the Federal Reserve. Its balance swings by hundreds of billions of…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching the Treasury General Account
The Treasury General Account is back in focus as Washington weighs near-trillion-dollar buybacks to calm the bond market — and the Fed is watching closely. In…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed's Narrow Path Between Inflation and a Debt Ceiling Crisis
In this episode, Lucas and Luna dive into the Federal Reserve's latest balancing act as the U.S. government debt crosses $40 trillion and Treasury yields…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Watches the Debt Ceiling's New Math
On this episode of The Federal Reserve Podcast, Lucas and Luna dig into a number that just crossed a striking threshold: the U.S. national debt has passed $40…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why Treasury Buybacks Are Back in the Headlines
The U.S. Treasury has started buying back its own bonds again — a tool not used in decades. On this episode, Lucas and Luna break down what Treasury buybacks…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The $40 Trillion Debt Ceiling Dilemma
The U.S. national debt just crossed $40 trillion, doubling in a decade. In this episode, Lucas and Luna dig into what that number means for the Federal…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Reads the Ivory Tower Inflation Signal
In this episode of The Federal Reserve Podcast, Lucas and Luna explore why the Fed is watching the University of Michigan's inflation expectations survey…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed's Quiet Fix for Repo Market Stress
In this episode, Lucas and Luna explore the Federal Reserve's latest quiet but crucial intervention: using its standing repo facility to cap money market…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed's New Toolkit for Steering Money Market Rates
The Federal Reserve has been quietly building a new set of tools to control short-term interest rates, and it's changing how the central bank steers the…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed's New Tool for Controlling Money Market Rates
On this episode of The Federal Reserve Podcast, Lucas and Luna explore a quiet but significant shift in how the Fed manages short-term interest rates. With the…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Reads the Core PCE Puzzle
On this episode of The Federal Reserve Podcast, Lucas and Luna dig into the gap between the CPI and the Fed's preferred inflation gauge, the core PCE…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed Is Watching the Two-Year Yield's Message
The two-year Treasury yield has been sending mixed signals, rising and then falling as markets parse the Fed's next move. In this episode, Lucas and Luna…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Keeps a Window Open to Rate Hikes
The Fed's benchmark rate has been parked at 3.63 percent since July, but the July CPI report shows inflation at 3.4 percent, while the ten-year breakeven…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching the Two-Year Yield So Closely
In this episode of The Federal Reserve Podcast, Lucas and Luna dive into the recent moves in the two-year Treasury yield and why it has become the Fed's…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Reads the July Jobs Report
The July jobs report landed with a jolt: a loss of 23,000 jobs, the first outright decline in years, while the unemployment rate held steady. In this episode…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching the Wage-Price Spiral Signal
In this episode, Lucas and Luna examine a subtle but critical signal the Federal Reserve is monitoring after the disappointing July jobs report: wage growth…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Watches the August Jobs Report With Extra Care
In this episode, Lucas and Luna dig into why the July jobs report landed with a thud and what it means for the Federal Reserve's next move. They unpack…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Watches the Jobs Report's Wage Signal
After the July jobs report showed a surprise loss of 23,000 jobs, the Federal Reserve is parsing more than just the headline. Lucas and Luna dig into why the…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching the Yield Curve's Message
In this episode of The Federal Reserve Podcast, Lucas and Luna dig into one specific signal the Fed is tracking this August: the curve between the short end…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Watches the New York Fed's Supply Chain Index
On the 150th episode of The Federal Reserve Podcast, Lucas and Luna drill into a data point the Fed has quietly been leaning on: the New York Fed's Global…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Obsessed With the Real Rate
Lucas and Luna unpack the Federal Reserve's subtle pivot toward the real interest rate — the nominal rate minus inflation expectations — and why it…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Watches the Manufacturing Price Hike Signal
In this episode of The Federal Reserve Podcast, Lucas and Luna dig into a surprising new signal that has Fed Chair Kevin Warsh's attention: a…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Tracks the Real Rate Through Ten-Year Breakevens
In Federal Reserve Podcast episode 147, Lucas and Luna examine why the Fed is zeroing in on the real interest rate derived from ten-year breakevens. With the…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed's Quiet New Tool for Inflation Control
In episode 146 of The Federal Reserve Podcast, Lucas and Luna dig into a shift in how the Federal Reserve under Kevin Warsh is approaching inflation control…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Weighs Slowing GDP Against Sticky Core Inflation
In this episode of The Federal Reserve Podcast, Lucas and Luna break down the Fed's dilemma after Q2 GDP came in at just 1.5% while core PCE inflation…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed's Internal Divide Over Inflation Data
The Federal Reserve is publicly united but privately split. As of late July 2026, PCE inflation is creeping up while CPI eases — and Fed officials are drawing…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Two-Year Yield Is Falling Again
In this episode, Lucas and Luna revisit the two-year Treasury yield, which has reversed its recent uptrend and dropped roughly 10 basis points in a week to…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Two-Year Yield Is Rising While the Fed Holds
The two-year Treasury yield has climbed to 3.76% even as the Fed funds rate sits flat at 3.63%. Lucas and Luna unpack what's behind the move: new tariff…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why Shelter Inflation Is the Feds Biggest Headache
CPI fell in June, but shelter costs remain stubbornly above 5 percent year-over-year. Lucas and Luna break down the lag between market rents and official…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How Kevin Warsh's Phrases Reveal the Fed's Next Move
In Episode 140, Lucas and Luna decode three key phrases from Kevin Warsh's recent speech that hint at the Fed's thinking amid falling breakeven rates…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why Falling Breakeven Rates Give the Fed Cover Despite Sticky PCE
In this episode of The Federal Reserve Podcast, Lucas and Luna unpack the paradox of falling market-implied inflation expectations — the 10-year breakeven rate…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Weighs Tariff and Oil Shocks Against Soft Inflation
On July 24, 2026, President Trump announced a new global tariff, and import prices from China hit their highest level since 2008. Meanwhile, core CPI fell and…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Rethinking the Neutral Rate This Summer
The neutral rate of interest, or r-star, is the Fed's invisible anchor for monetary policy. In this episode, Lucas and Luna break down why the New York…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Trusts PCE Over CPI
The Fed's favorite inflation gauge, the PCE price index, is rising while CPI falls. In this episode, Lucas and Luna break down the structural differences…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Decodes Conflicting Signals from CPI and PCE
In this episode of The Federal Reserve Podcast, hosts Lucas and Luna examine a puzzling split in the latest inflation data: headline CPI fell for the third…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Yield Curve Steepening Is Rattling the Fed
The ten-year Treasury yield has surged to 4.68 percent, its highest in months, while inflation expectations are actually falling. Lucas and Luna explain why…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Reads Import Price Surprises in July 2026
Episode 133 of The Federal Reserve Podcast with Fexingo. Lucas and Luna unpack the surprise jump in import prices reported July 17, 2026, when costs of goods…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Watches the Consumer Stress Signal in July 2026
Lucas and Luna dig into a less-discussed indicator the Fed is eyeing in July 2026: consumer stress signals from restaurants and bars, especially after the…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching the Ten-Year Breakeven Rate Now
The ten-year breakeven inflation rate edged up to 2.28 percent on July 22, 2026, even as core CPI and PCE data show disinflation. Lucas and Luna unpack why the…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Balance Sheet Runoff Is Hitting Bank Reserves
Episode 130 digs into a quietly critical mechanism of Fed policy: the ongoing runoff of the central bank's balance sheet, known as quantitative…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What the Fed Funds Rate Teaches Us About Everything
The federal funds rate is the single most important number in finance, yet most people misunderstand what it actually controls. In this episode, Lucas and Luna…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What Falling Core CPI Means for the Fed Despite Sticky Services
In episode 128 of The Federal Reserve Podcast, Lucas and Luna dig into the June 2026 CPI data: headline CPI fell to 332.6, core CPI dipped to 336.1, and the…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Reads China Import Prices in July 2026
Import prices from China just hit their highest level since 2008, even as domestic inflation cools. Lucas and Luna unpack how the Fed interprets this…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Interprets Mixed Inflation Signals in Mid-2026
Lucas and Luna break down the Fed's current puzzle: headline CPI is falling while core PCE is edging up. They examine why the Fed watches the PCE more…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Unwinding of the Fed Balance Sheet and Reserve Scarcity
Episode 125 of the Federal Reserve Podcast with Fexingo examines a quiet but consequential shift in monetary policy: the Fed's ongoing balance sheet…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How the Fed Reads the World Cup Economic Boost
The World Cup gave bars and restaurants a much-needed boost, but the Fed's Beige Book suggests consumers are flashing warning signs. In this episode…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How Import Prices from China Are Distorting the Feds Inflation Data
In Episode 123 of The Federal Reserve Podcast, Lucas and Luna dig into a surprising data point that has the Fed's attention: import prices from China hit…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What Falling Core CPI Means for the Fed Rate Path
The June CPI report showed core inflation slipping slightly, but the Fed is watching a more stubborn measure: the supercore services index, which excludes…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
How Import Prices From China Are Distorting the Feds Inflation Picture
China's import prices just hit their highest level since 2008, even as wholesale prices in the U.S. are falling. Lucas and Luna unpack why the Fed…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching Import Prices From China
Episode 120 of The Federal Reserve Podcast with Fexingo. Lucas and Luna drill into a surprising data point from July 2026: import prices posted a surprise…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What Wholesale Deflation Means for the Fed Rate Path
In Episode 119 of The Federal Reserve Podcast with Fexingo, Lucas and Luna examine Wednesday's unexpected 0.3% drop in wholesale prices and what it…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching Wholesale Prices Deflate
Episode 118 of The Federal Reserve Podcast explores why the Fed is closely monitoring the unexpected decline in wholesale prices. Lucas and Luna discuss the…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching the Services Sector for Inflation Clues
Episode 117 of The Federal Reserve Podcast dives into a key inflation signal the Fed is monitoring closely: services-sector pricing power. With the June CPI…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
The Fed Is Watching Wholesale Prices Deflate
In this episode of The Federal Reserve Podcast, Lucas and Luna examine why the Fed is paying close attention to the unexpected 0.3% decline in wholesale prices…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What Falling Core PCE Tells Us About the Fed Rate Path
The June CPI data landed softer than expected, but the Fed's preferred inflation gauge—core PCE—is still running hot. Lucas and Luna dig into the…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What the Falling PCE Tells Us About Fed Policy
Lucas and Luna dig into the latest PCE data to explore why the Fed is shifting its focus from CPI to the Personal Consumption Expenditures price index. With…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching the Breakeven Rate Spread Now
Episode 113 of The Federal Reserve Podcast with Fexingo. Lucas and Luna drill into a specific signal the Fed is watching closely in July 2026: the spread…
- The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Is Watching the PCE Over CPI Now
Episode 112 of The Federal Reserve Podcast with Fexingo digs into a subtle but critical shift in how the Fed reads inflation. While headline CPI still grabs…