Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why Household Financial Anxiety Hit a Four-Year High
In this episode of The Macro Memo, Lucas and Luna dig into a striking new data point: the New York Fed's Survey of Consumer Expectations shows household financial worries at their highest level since July 2022. They connect this to the gap between strong aggregate economic data and rising personal anxiety, referencing the 4.3% unemployment rate, the 4.55% ten-year yield, and the 7.6 million job openings from the latest JOLTS report. The hosts explore why consumers feel worse despite low joblessness and what this divergence means for the Fed's rate path. Lucas charts the evolution…
The skinny
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