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What Factory Job Cuts Tell the Fed About the Economy
Season 2
Episode 70
Published 2 weeks, 4 days ago
Description
Factory job cuts in June 2026 neared levels last seen during the financial crisis and Covid. Lucas and Luna unpack what that data means for the Federal Reserve's policy path. With the ten-year breakeven inflation rate at 2.23 percent and the effective federal funds rate at 3.63 percent, is the labor market softening enough to justify a cut? They drill into the S&P Global report on manufacturing layoffs, the divergence between factory weakness and service-sector resilience, and what Fed officials like Kevin Warsh might be signaling at the next FOMC meeting. Plus: a light-touch reminder that listener support keeps the show ad-free at buy me a coffee dot com slash fexingo.