Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The GDP Rebound That Has the Fed Thinking Twice
Episode 136 of The Macro Memo. Real GDP just surged to 2.1 percent annualised, up from 0.5 percent last quarter. Lucas and Luna unpack what drove the rebound — consumer spending, a tight labor market, and a World Cup boost — and why the Fed is holding steady at 3.63 percent. They also examine the bond market's skepticism, with the 10-year yield climbing to 4.68 percent, and the risks that could upend the Goldilocks scenario: surging Chinese import prices, delayed generic drug tariffs, and fading pandemic-era savings. A focused look at whether this growth is built to last.
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The skinny
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