Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Consumer Sentiment Paradox Markets Are Misreading
Consumer sentiment hit a record low in May 2026, yet the S&P 500 is trading above 7,500 and small caps are surging. Lucas and Luna unpack the disconnect between how Americans feel and what the data says. They dig into the breakdown: sentiment is cratering because of inflation from the Iran war, but spending holds up because the job market hasn't cracked yet. They walk through the actual numbers — CPI at 332.4, jobless claims at 209,000 — and what they mean for the Fed. Plus, a look at why real GDP growth of 2 percent feels like a ceiling, not a floor. If the economy is so strong, why…
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