Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Bond Market Is Testing the New Fed Chair
With Kevin Warsh set to be sworn in as Federal Reserve chair on Friday, Episode 4 of The Macro Memo examines the bond market signals he inherits. Lucas and Luna break down what the ten-year Treasury yield at 4.61 percent and the flattening yield curve mean for the Fed's next move. They discuss the 'bond vigilante' thesis, recent CPI and core PCE data, and whether the market is forcing the Fed's hand on a July rate hike. Plus, a listener-funded model that keeps the show ad-free. No breaking news, just the macro picture from May 21, 2026.
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The skinny
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