Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Fed's 3.62 Percent Rate Trap and What It Means for You
The Federal Reserve has cut rates to 3.62 percent, but core inflation is still sticky at 3.3 percent. In this episode, Lucas and Luna explore the paradox: why the Fed is easing even though its preferred inflation gauge remains above target. They break down the data—including the lagging effect of housing costs and the impact of the Iran war on energy prices—and discuss what this means for your savings account, mortgage, and investment portfolio. Plus, a look at why the job market remains surprisingly resilient despite higher interest rates. A focused 10-minute conversation that cuts through…
The skinny
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