Is the Labor Market Stronger Than the Fed Thinks?

Chuck Zodda and Marc Fandetti break down the latest jobless claims data and what it suggests about the true strength of the labor market. With GDP running hot and unemployment remaining low, they examine whether expectations for further Fed rate cuts are premature — and what inflation persistence could mean for policy going forward.The hour also covers Walmart earnings and what they reveal about consumer stress across income levels, rising oil prices amid growing geopolitical tensions with Iran, and the risks building beneath the surface in private credit markets.