# Why the Economy Feels Unclear Even When It’s Working

Page: https://stenobird.com/podcast/the-personal-wealth-coach-3339039/why-the-economy-feels-unclear-even-when-it-s-working
Text version: https://stenobird.com/podcast/the-personal-wealth-coach-3339039/why-the-economy-feels-unclear-even-when-it-s-working.md
Podcast: [The Personal Wealth Coach](https://stenobird.com/podcast/the-personal-wealth-coach-3339039)
Published: 2026-05-02T15:00:00+00:00
Episode link: https://tpwc.podbean.com/e/why-the-economy-feels-unclear-even-when-it-s-working/
Audio file: https://mcdn.podbean.com/mf/web/74u6zauahgwywb2p/2026-05-01_TPWC_Podcast_-_Economybdlyw.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-personal-wealth-coach-3339039/episodes/why-the-economy-feels-unclear-even-when-it-s-working
Duration seconds: 2495

## Resource

The economy is technically growing, the job market is holding together, and yet almost everyone feels uneasy. In this episode of The Personal Wealth Coach, Jake McClure unpacks why the economic story we are living through feels so disorienting. Jake starts with the latest Federal Reserve meeting and explains why a “rates unchanged” headline misses the real story. A divided board, a new Fed chair, and a quiet return to quantitative easing are reshaping interest rates, inflation expectations, and the future of mortgages. He breaks down what the Fed’s continued sale of mortgage backed securities means for housing prices and why mortgage rates have stayed stubbornly high longer than most people expected. From there, the lens widens to the global stage. With the Strait of Hormuz effectively closed, the UAE walking away from OPEC, and Russia’s oil infrastructure under sustained attack, energy markets are under pressure in ways that are already feeding inflation. Jake connects these global events to what consumers see at the gas pump and the grocery store. The episode also tackles housing supply, demographics, and why today’s economy looks strong on paper but feels uncomfortable in real life. If you are trying to understand why confidence is low while spending remains high, and why everything feels uncertain even without a clear recession, this conversation brings the missing context together in one place. This episode was recorded on May 1, 2026. If you would like to contact us, please send an email to us at advisingteam@tpwc.com. We are happy to address any of your questions about Economics and Finance. If you are ready and would like to book an appointment either in office or over the phone, you can also send a message to us through the contact form on our website TPWC.com…

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## Transcript

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