Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why the Fed Holds Steady as Jobs Boom and Inflation Cools
Lucas and Luna dig into the latest labor market data: initial jobless claims dropped to 187,000, unemployment fell to 4.2 percent, and the Fed is keeping rates at 3.63 percent. With falling CPI but sticky core PCE and a surprise rise in import prices from China, they explore why the central bank isn't cutting despite cooler inflation. They also unpack the Fed's communication strategy through Kevin Warsh's three key phrases and the looming tariff risks on generic drugs.
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The skinny
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