Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Core PCE Hits 3.4 Percent What the Fed Sees Now
Lucas and Luna break down the May core PCE inflation print of 3.4 percent, the highest since October 2023. They discuss what this means for the Fed's next move, why the 10-year breakeven rate is falling despite hot inflation data, and how job openings and wage growth complicate the picture. The hosts also explore whether the Fed's current 3.63 percent funds rate is tight enough to cool the economy, or if more hikes could be on the table. A focused look at the data that matters most in late June 2026.
#CorePCE #Inflation #FederalReserve #MonetaryPolicy #InterestRates #JobOpenings…
The skinny
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