Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Hidden Inflation in Your Car Insurance Bill
Lucas and Luna unpack a surprising driver of persistent inflation: auto insurance premiums. With CPI still running hot at 3.4% year-over-year, insurance costs have surged over 20% annually, accounting for a disproportionate share of core services inflation. They explore why this is happening — from repair costs and supply chains to state regulation — and what it means for the Fed's next move. With consumer sentiment at record lows and the Fed's Kashkari reiterating that inflation fight takes priority, this episode connects the dots between your monthly bill and central bank policy…
The skinny
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