Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why Wholesale Prices Are Breaking The Inflation Narrative
Lucas and Luna dig into the September wholesale price data, which jumped 6.3 percent annually, the largest gain since 2022. With the S&P 500 down nearly two percent this week and bond yields falling, they explore why upstream costs are rising while consumer inflation appears to be cooling. They examine whether this divergence signals a temporary supply shock or a structural shift in how businesses manage inventory. The conversation anchors on the disconnect between producer prices and the core PCE index, asking what this means for the Federal Reserve's next move as the economy approaches…
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