Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Core PCE at 3.4 Percent What It Means for Fed Policy
In this episode of The Macro Memo, Lucas and Luna dig into the latest inflation data: core PCE hit 3.4% in May, the highest since October 2023. They discuss what this means for the Fed's next move, whether the bond market is buying the narrative, and why the 10-year breakeven rate is actually dropping. With the fed funds rate at 3.63%, the hosts explore the tension between sticky inflation and a weakening labor market, and what that signals for the rest of 2026.
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The skinny
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