Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The ECB Rate Hike and Why It Matters for US Inflation
On June 11, 2026, the European Central Bank hiked interest rates for the first time since 2023, a direct response to energy price surges linked to the Iran conflict. Lucas and Luna break down why this matters for American inflation, the Fed's next move, and the global yield curve. They discuss the ECB's decision in the context of US CPI hitting 4.2%, the 10-year breakeven inflation rate rising to 2.34%, and what the dollar-euro dynamic means for your portfolio. Plus: how wholesale prices rose 1.1% in May and what that signals for core PCE. A focused conversation on the transmission…
The skinny
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