Daire MacFadden
speaker
144 appearances
2 recordings
1 series
first heard May 2026
last heard 9 Jun
Daire MacFadden’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 1.
Appearances
More people are going to have more disposable income, and that's going to contribute to inflation.
So the immediate response on Friday morning, you know, these reports come out before market opens or at the time the market opens, was that the treasury yield spiked by about 11 basis points.
Right.
We went into this year expecting that the Fed was going to cut rates.
And part of that was because of this new chair, Kevin Warsh.
He's made a very strong claim for the productivity benefits of AI, allowing him to cut rates.
But obviously, the picture has changed massively since the start of the Iran war.
And it now looks like there's going to be all sorts of inflationary pressures coming down the pike.
And by the end of this year, the market is expecting the Fed to have to increase rates.
It's kind of weird, isn't it?
I mean, part of the story has to be that they're freaking out about the idea that the borrowing costs on all the companies that need to do these expensive capital investments for the AI infrastructure build-out are going to be much higher.
Yeah, if you're not in AI or semis at the moment, you're losing out.
Yeah.
I mean, the jobs report, even though it added 172,000 new jobs, the other data on the unemployment rate and wage growth weren't as good.
So the signs are that the labor force is actually not growing very much in terms of people joining the job market.
And the signs are that the unemployment rate actually hasn't come down in the last three months.
So it's kind of stuck around 4.3% at the moment.
That's not bad, but it's not a great sign if you're adding 172,000 jobs and several positive job months in a row.
But the unemployment rate is kind of stuck at that level.
Yeah, I mean, this is an important point of all these sorts of data releases.
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