Matthew Luzzetti

speaker

18 appearances 3 recordings 1 series first heard Feb 2026 last heard 28 May

Matthew Luzzetti’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in May 2026 with 2.

Appearances

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Bloomberg News Now · Markets Close Higher, US, Iran Agree to Extend Truce Pending Trump Backing, More · 28 May 2026 podcast

I think if you strip out the COVID-driven inflation, this is actually the highest core PC inflation rate since 1992.

We are moving in the wrong direction, away from 2%.

And our view is that this is not simply about temporary supply-driven factors, tariffs and energy prices, that there is an underlying demand force that is more important.

Trend inflation is stuck closer to 3%.

And therefore, it is entirely appropriate for Fed officials to be thinking about raising rates.

Bloomberg News Now · US, Iran Reach Ceasefire Deal, Trump Approval Pending, More · 28 May 2026 podcast

I think if you strip out the COVID-driven inflation, this is actually the highest core PC inflation rate since 1992.

We are moving in the wrong direction, away from 2%.

And our view is that this is not simply about temporary supply driven factors, tariffs and energy prices, that there is an underlying demand force that is more important.

Trend inflation is stuck closer to 3 percent and that therefore it is entirely appropriate for Fed officials to be thinking about raising rates.

Bloomberg News Now · End to Minnesota Operations, Stocks Rise at the Open, More · 12 Feb 2026 podcast

As you look at jobless claims, I think it's pretty clear that the weather has impacted those over the past two weeks.

So last week, initial jobless claims, half of the rise was in New York, New Jersey, Pennsylvania.

I think we could all relate to that being in this area, the snow that we've had.

Half of the rise in continuing claims this morning, which is a week delayed, was also driven by those three states.

So I think we're still working through some weather effects.

I think as you broadly look at the labor market at this point in time, the unemployment rate has come back down to 4.3%.

The quits rate, which is a very good measure of labor market slack, has basically been unchanged over the past 12 or 18 months.

You have a layoff rate, which remains well below where it was before the pandemic.

So you still have this somewhat uncomfortable environment of low hiring and low firing, but it's a labor market that's been pretty stable over the past 12 months.

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