Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Fed's October Rate Hike Surprise
With the Federal Reserve meeting this week, markets are bracing for a hold, but former Fed Governor Kevin Warsh suggests a surprise rate hike is possible. We dig into why an unexpected tightening move might actually be the right call given sticky core PCE at 130.5 and wage growth that isn't cooling fast enough. Lucas and Luna explore the mechanics of how a hawkish shock would ripple through housing, bond yields, and the labor market, and what it means for your portfolio if the central bank decides to break consensus.
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