Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why Housing Inflation Isnt Going Away
Housing costs are the biggest component of core inflation, and they are not cooling as fast as the Fed expected. In this episode, Lucas and Luna dig into the April 2026 CPI and PCE data, focusing on owners' equivalent rent and shelter costs. They explain why OER is sticky, how the Fed's rate cuts might actually keep housing inflation elevated, and what that means for the consumer sentiment paradox. With the 10-year yield at 4.45 percent and the Fed funds rate at 3.64 percent, the hosts explore the disconnect between market pricing and the central bank's path. Specific numbers…
The skinny
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