Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Paradox of Weak Growth and High Inflation
Lucas and Luna unpack the disorienting economic landscape of late September 2026, where nominal GDP is rising but real growth has stalled at one point five percent. With core CPI still climbing and the Fed Funds rate holding near three point six percent, they explore why consumer sentiment is hitting record lows despite a functioning labor market. The episode focuses on the specific friction between sticky service prices and stagnant purchasing power, asking if this 'hollow' growth is a temporary blip or a new structural reality for American households.
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