Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why the Fed Is on Hold While Singapore Tightens
In a surprise move on July 27, Singapore's central bank tightened monetary policy, warning that rising oil prices could reignite inflation. But the Federal Reserve remains steadfast at 3.63%, even as the US economy shows real GDP growth of 2.1% annualized and unemployment at 4.2%. In this episode, Lucas and Luna break down why the Fed can afford to wait while other central banks act. They explore the strength of the US labor market—with jobless claims at 187,000—and cooling headline CPI, which fell from 334 to 332.6 in June. But core inflation remains stubbornly near 336.1. Could oil…
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