Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The ECB Exit Puzzle and What It Means for the Dollar
Lucas and Luna break down why the euro is falling despite the European Central Bank signaling rate cuts could come early. With ECB President Lagarde leaving the door open to an early exit as French political uncertainty swirls, the euro has dropped to multi-year lows against the dollar. They explore how this affects U.S. import prices, the Fed's policy path, and why the 10-year yield at 4.57 percent is actually a story about currency markets, not just domestic growth. Two specific data points anchor the discussion: the euro's 3.2 percent decline since June and the 10-year breakeven…
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