The Fed’s Next Move: Inflation, AI, and Housing Costs

Mike Armstrong and Marc Fandetti react to market weakness following the latest jobs data and ahead of a key inflation report. The conversation dives into what current unemployment and inflation trends mean for Federal Reserve policy and whether a potential AI-driven productivity boom should change the rate outlook. Mike and Marc also examine who really bears the cost of tariffs, why the middle class “feels poor” despite rising incomes, and how housing affordability has evolved relative to wages.