Host Julia Coronado (MacroPolicy Perspectives) is joined by Guest Host Sarah Wolfe (Morgan Stanley Wealth Management) to unpack a jobs report sending mixed signals, with slowing payroll growth, falling labor force participation, and an unemployment rate that masks underlying weakness. Together, they explore what the latest labor market data means for inflation, consumer spending, wealth inequality, and the Federal Reserve's path on interest rates. The conversation also examines whether the wealth effect is reshaping consumer behavior, why real-time economic data matters more than ever, and what to watch as policymakers weigh the next move.

NABE is the premier professional association for business economists and others who use economics in the workplace. Since 1959, NABE has attracted the most prominent figures in economics, business, and academia to its membership with highly-regarded conferences, educational and career development offerings, industry surveys, and its unrivaled networking opportunities. Past presidents of NABE include former Chairman of the Board of Governors for the Federal Reserve System, Alan Greenspan, several former Federal Reserve Governors, and other senior business leaders. LEARN MORE!