Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Hidden Cost of Cheap Lettuce
Lettuce prices just crashed to record lows, and that's not the good-news story it sounds like. In this episode, Lucas and Luna unpack the economics of food deflation: why a cyclospora scare sent demand off a cliff, what the plunge in wholesale produce prices reveals about the fragility of the fresh-food supply chain, and why cheap lettuce might actually be a warning sign for inflation. They connect the dots between the CPI's cooling headline number and the sticky reality in grocery aisles, and ask whether the Fed's single-minded focus on services inflation is missing the bigger…
The skinny
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