How Labor Market Churn Is Keeping Inflation Sticky

The job market looks tight on the surface with unemployment at 4.3 percent, but Lucas and Luna dig into the churn beneath the headline: job openings are falling, workers are staying put, and wage growth is stuck at 3.5 percent. They explore how this 'low-churn, sticky-wage' dynamic is feeding into core inflation and keeping the Fed on hold. With the ten-year breakeven inflation rate at 2.38 percent and the Fed funds rate at 3.62 percent, the hosts explain why the labor market isn't cooling fast enough to bring prices down. Plus, they tie the persistence of energy inflation — from the Iran war tariffs — to the broader inflation picture. This episode offers a concise, data-driven look at the mechanics behind today's economic stalemate. #LaborMarket #Inflation #FederalReserve #CoreInflation #WageGrowth #JobOpenings #JOLTS #UnemploymentRate #EnergyInflation #IranWarTariff #FedHoldingPattern #BreakevenInflation #AverageHourlyEarnings #EconomicForecast #Economics #FexingoBusiness #BusinessPodcast #Podcast Keep every episode free: buymeacoffee.com/fexingo