{"podcast":{"title":"The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy","slug":"the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696","podcast_index_feed_id":7871696,"rss_url":"https://feeds.fexingo.com/business/the-federal-reserve-podcast.xml","website_url":"https://www.fexingo.com/","image_url":"https://audio.fexingo.com/business/the-federal-reserve-podcast/cover.png","author":"Fexingo","episode_count":121,"summary":"Lucas and Luna dissect the Federal Reserve's every move—from FOMC rate decisions and dot-plot projections to the arcane mechanics of open market operations. Each episode opens with a live data snapshot: the current fed funds rate, Treasury yield curve slope, and the latest reading on the Fed's preferred inflation gauge (PCE). Then they argue over what the data actually means. Should the market price in a cut? Is QT about to end? Why did one regional Fed president break with the consensus? The conversation is calibrated for the listener who already knows the difference between IOER and ON RRP and wants to hear two incisive analysts—not pundits—wrestle with the nuances. Lucas brings the journalist's instinct for what matters to Main Street; Luna pushes back with the macro quant's obsession with regime odds. Together they walk the line between monetary theory and the real-world bets that portfolio managers, corporate treasurers, and independent investors are making this week. No helicopter economics. No 'Fed will save us' cheerleading. Just a clear-eyed, numbers-driven interrogation of the central bank that moves every market. By the end, you'll have a sharper framework for interpret…","last_synced_at":"2026-07-18T12:19:18.798932+00:00","page_url":"https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696"},"episode":{"title":"Why the Fed Is Watching Real Rates More Than Headline CPI","slug":"why-the-fed-is-watching-real-rates-more-than-headline-cpi","published_at":"2026-07-09T17:50:20+00:00","page_url":"https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/why-the-fed-is-watching-real-rates-more-than-headline-cpi","show_page_url":"https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696","url":"https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0104.mp3","audio_url":"https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0104.mp3","summary":"In this episode of The Federal Reserve Podcast, Lucas and Luna break down why the Fed is increasingly focused on real interest rates — the nominal rate minus inflation — rather than headline CPI. With the ten-year breakeven inflation rate stuck at 2.25 percent and the ten-year Treasury yield at 4.53 percent, the real yield sits at roughly 2.3 percent, a level that historically has been restrictive. We look at how this metric influences the central bank's thinking, why it matters for the July FOMC meeting, and what the latest PCE and CPI data say about whether policy is actually tight enough. Touching on Janet Yellen's 2015 playbook and comparing today's real rate to the post-GFC era, we explain why the Fed may hold rates steady even if inflation ticks up. A must-listen for anyone trying to decode the Fed's next move. #FederalReserve #InterestRates #RealRates #MonetaryPolicy #FOMC #CPI #PCE #BreakevenInflation #TenYearTreasury #RealYield #Inflation #Economics #FexingoBusiness #BusinessPodcast #CentralBanking #RateDecision #TIPS #JanetYellen Keep every episode free: buymeacoffee.com/fexingo","meta_description":"In this episode of The Federal Reserve Podcast, Lucas and Luna break down why the Fed is increasingly focused on real interest rates — the nominal rate mi…","key_points":[],"chapters":[],"topics":[],"duration_seconds":529,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/episodes/why-the-fed-is-watching-real-rates-more-than-headline-cpi/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/why-the-fed-is-watching-real-rates-more-than-headline-cpi.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}