How Tariffs Are Rewriting The Inflation Rulebook

The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy · Oct 8, 2026 · 11m · transcript

In this episode of The Macro Memo, Lucas and Luna examine a surprising shift in the inflation landscape. New analysis from the New York Federal Reserve suggests that recent price increases on everyday goods are being driven primarily by tariffs rather than traditional supply chain bottlenecks or wage pressures. With core CPI holding at three hundred thirty seven point eight and the ten year breakeven rate flat at two point three six percent, the conversation explores how trade policy is becoming the new dominant variable in consumer pricing. We look at what this means for the Federal…