Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why Consumer Confidence and Spending Are Decoupling
In this episode of The Macro Memo, Lucas and Luna examine the growing disconnect between consumer confidence and actual spending. With the New York Fed's household financial anxiety index hitting a four-year high in June 2026, but retail sales still holding up, the hosts break down what's driving this paradox. They look at the May CPI print of 4.2% annual inflation—the highest in three years—and how it's cutting into real wage gains despite nominal hourly earnings rising to $37.50. They also discuss the surprising surge in JOLTS job openings to 7.6 million, and why that…
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