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The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy

The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy

By: Fexingo
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Each day, Lucas and Luna sit down with the latest macro data to decode what it actually means for markets, businesses, and your portfolio. They don't just report the CPI print or the Fed's dot plot — they argue about what the numbers imply for the yield curve, corporate borrowing costs, and the probability of a soft landing. Lucas pushes for historical context: how does today's inflation compare to the 1970s, and what does the Taylor rule suggest now? Luna counters with sector-level evidence: which industries are passing through costs, which are absorbing them, and where are margins actually compressing? Together, they walk through GDP revisions, employment cost indexes, and real-time fed funds futures to separate signal from noise. This is for listeners who already know the difference between M2 and M1 and want a conversation that treats them like professionals — not a primer. No guests, no hot takes, just two analysts who read the same Fed transcripts you do and disagree about what comes next. After each episode, you'll have a clearer sense of which macro risk actually keeps you up at night. #MacroMemo #FederalReserve #Inflation #GDP #MonetaryPolicy #YieldCurve #CPI #EmploymentData #InterestRates #EconomicForecasting #CentralBanking #BusinessCycle #Economics #FexingoBusiness #DailyPodcast #MarketData #MacroAnalysis #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo© 2026 Fexingo. All rights reserved. Economics
Episodes
  • How Wages Are Rising Without Adding to Inflation

    How Wages Are Rising Without Adding to Inflation
    Jun 29 2026
    Average hourly earnings just ticked up to $37.50, but core PCE inflation is stubbornly at 3.4%. Lucas and Luna unpack a paradox that has economists divided: wage growth that isn't feeding price spikes. They trace the disconnect through productivity data, sectoral shifts, and the Fed's preferred inflation gauge. A close look at whether the labor market can keep delivering raises without reigniting the inflation that central bankers fear most. #WageGrowth #Inflation #FederalReserve #CorePCE #LaborMarket #Productivity #AverageHourlyEarnings #Economics #FedPolicy #Business #FexingoBusiness #BusinessPodcast #TheMacroMemo #LucasAndLuna #HourlyEarnings #PriceStability #JobMarket #EconomicData Keep every episode free: buymeacoffee.com/fexingo
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    8 mins
  • The Growing Gap Between Core CPI and Core PCE

    The Growing Gap Between Core CPI and Core PCE
    Jun 29 2026
    In this episode of The Macro Memo, Lucas and Luna dig into the widening divergence between core CPI and core PCE inflation. Core CPI hit 336.1 in May, up 3.4% year-over-year, while core PCE sits at 130.1 with a 2.8% annual rate. Lucas explains why the Fed focuses on PCE — it accounts for substitution effects and covers more goods — and why the gap matters for rate expectations. They discuss what the data means for the Fed's next move as the effective fed funds rate holds at 3.63% and the 10-year breakeven inflation dips to 2.20%. A tight episode for anyone tracking the real inflation picture beyond the headlines. #CoreCPI #CorePCE #InflationGap #FederalReserve #MonetaryPolicy #FedFundsRate #BreakevenInflation #ConsumerPriceIndex #PersonalConsumptionExpenditures #USInflation #Economics #MacroMemo #FexingoBusiness #BusinessPodcast #DailyEconomics #LucasAndLuna #InflationData #RateCuts Keep every episode free: buymeacoffee.com/fexingo
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    11 mins
  • Why the 10-Year Treasury Yield Is Falling Despite Sticky Inflation

    Why the 10-Year Treasury Yield Is Falling Despite Sticky Inflation
    Jun 28 2026
    The 10-year Treasury yield has dropped sharply over the past week, even as core inflation remains stubbornly above 3 percent. Lucas and Luna break down the paradox: bond markets are pricing in a growth scare, not an inflation victory. They examine the recent 10-year breakeven rate slipping to 2.20 percent, the yield curve inversion deepening, and what the divergence between the 2-year and 10-year yields signals about recession risk. The hosts also discuss how the Fed's next move might be shaped by falling long-term rates rather than rising inflation. A data-driven look at what the bond market is telling us about the economy that equity markets haven't priced in yet. #TreasuryYield #BondMarket #YieldCurve #Inflation #FederalReserve #RecessionRisk #BreakevenRate #CoreInflation #EconomicGrowth #GrowthScare #InterestRates #MacroEconomics #FexingoBusiness #BusinessPodcast #Economics #LucasAndLuna #Podcast #MarketData Keep every episode free: buymeacoffee.com/fexingo
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    11 mins
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