Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
How Jobless Claims Hit 187k and Yields Still Fell
Initial jobless claims dropped to 187,000, the lowest in decades, yet 10-year Treasury yields fell 1.2% over the same week. Lucas and Luna dig into the disconnect between a red-hot labor market and a bond market betting on slower growth. They examine the latest breakeven inflation rate, which slipped to 2.21%, and ask whether the Fed's hold pattern makes sense when real-time data shows the economy accelerating. Trade tensions, Singapore's surprise tightening, and the lagged effects of past rate hikes all enter the conversation. Can the GDP rebound last? Or is the bond market seeing…
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