2min chapter

Guggenheim Macro Markets cover image

Episode 20: For the Fed, the Devil is in the Data; Agency MBS Update

Guggenheim Macro Markets

CHAPTER

What's the Difference Between Deflation and Disinflation?

The strong July jobs report was a surprise given signs of slowing economic momentum elsewhere in the data. Average hourly earnings or wage growth accelerate to 5.8% annualized, reversing what had looked to be some cooling off in wage pressures. We saw the overall labor force participation rate fall again in July and probably even more concerning the prime age participation rate that's gone nowhere over the last few months.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode