The Fed Is Stuck Right Now, Crossmark's Fernandez Says

The transcript discusses the Federal Reserve's anticipated rate hikes in July, driven by hawkish sentiments and recent meetings. The labor market's role in inflation, particularly through average hourly earnings and labor costs, is highlighted as a key concern. The Fed faces challenges in reducing these costs to manage inflation. Various labor market indicators, such as quit rates and continuing claims, suggest economic strength, indicating the Fed's ongoing need for action.

What challenges does the Federal Reserve face in managing labor costs?

What does the JOLTS report indicate about the labor market?