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Why the Fed Is Watching Nevada Job Growth
Season 2
Episode 65
Published 2 weeks, 6 days ago
Description
Lucas and Luna dig into an unusual headline: Nevada is the easiest state to find a job right now. With the Fed's labor market toolkit focused on national aggregates, they explore what state-level divergence means for monetary policy. The hosts discuss why the Fed's models miss local wage dynamics, how construction hiring in Las Vegas is pulling up service-sector pay, and whether the FOMC's next move should factor in regional dispersion. Tied to the latest data: the fed funds rate at 3.63%, core CPI still sticky at 336.1, and 10-year breakevens slipping to 2.25%. A concrete look at the geography of inflation.