Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Hidden Cost of the Iran War in Your Utility Bill
In this episode of The Macro Memo, Lucas and Luna break down how the Iran war is driving up energy costs far beyond the gas pump. With the 10-year breakeven inflation rate dropping to 2.38% even as core PCE sticks at 3.3%, they explore the paradox of falling market inflation expectations versus rising real-world costs. They examine why utility bills are climbing faster than headline CPI, how Fed officials like Goolsbee and Kashkari are signaling that energy inflation is more persistent than expected, and what this means for the rate-cut timeline. Along the way, they tie it to specific data…
The skinny
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