Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why the Fed Is Stuck Between Falling Inflation and Manufacturing Angst
In this episode of The Macro Memo, Lucas and Luna dig into a strange moment for the Federal Reserve: inflation has cooled to its lowest in years, but a new manufacturing survey shows price worries 'worse than pandemic era.' They unpack the latest CPI and core PCE numbers, the 1.5 percent GDP print, and what a divided Fed means for rate policy heading into fall. Plus, they explore why job openings are up even as unemployment dips, and what the steep yield curve is signaling about growth expectations. If you've been wondering why the Fed isn't celebrating the good inflation…
The skinny
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