{"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 the 2-Year Breakeven Rate","slug":"why-the-fed-is-watching-the-2-year-breakeven-rate","published_at":"2026-07-12T05:41:35+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-the-2-year-breakeven-rate","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-0109.mp3","audio_url":"https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0109.mp3","summary":"Episode 109 of The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy. Lucas and Luna dive into the 2-year breakeven inflation rate, a market-based measure that strips out noise from volatile energy prices. With core CPI stuck around 3.3% year-over-year and the 2-year breakevens hovering near 2.6%, the Fed faces a tricky signal: bond markets expect inflation to stay above the 2% target even as headline CPI cools. The hosts discuss how this metric affects the FOMC's rate path, especially after the weak June payrolls report. They also touch on the recent 'funflation' trend—where staying home has become more expensive—and what it means for inflation expectations. Plus, the hosts explain how the 2-year breakeven offers a cleaner read than the popular 10-year breakeven, which is muddied by term premium. If you want to understand one of the Fed's most under-the-radar inflation gauges, this episode delivers. #FederalReserve #InterestRates #FOMC #MonetaryPolicy #Inflation #BreakevenInflation #2YearBreakeven #CoreCPI #PCE #LaborForceParticipation #Funflation #EconomicData #BondMarket #InflationExpectations #Economics #FexingoBusiness #BusinessPodcast #CentralBanking Keep every episode free: buymeacoffee.com/fexingo","meta_description":"Episode 109 of The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy. Lucas and Luna dive into the 2-year breakeven…","key_points":[],"chapters":[],"topics":[],"duration_seconds":443,"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-the-2-year-breakeven-rate/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-the-2-year-breakeven-rate.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}