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What the Fed Makes of the Job Openings Surge
Season 1
Episode 30
Published 1 month, 1 week ago
Description
Episode 30 of The Federal Reserve Podcast with Fexingo. Lucas and Luna drill into the surprising jump in job openings to 7.6 million in April, the highest in nearly two years, and what that really means for the Fed's next move. They parse the ADP private payrolls number for May (122,000, stronger than expected), and connect it to the Fed's preferred Core PCE inflation reading still running above the 2% target. The hosts discuss why the labor market isn't signaling a rate cut anytime soon, and how the central bank's framework has shifted from focusing on slack to focusing on wage-driven services inflation. A specific, data-grounded conversation for anyone trying to read the tea leaves on rate policy.