Why Import Prices Just Surprised the Market

On today's Macro Memo, Lucas and Luna dig into the surprising import price data released on July 17 — the first gain in months, with costs from China hitting their highest level since 2008. They unpack what this means for the disinflation narrative, how it connects to China's slowest quarterly growth since 2022, and why the Fed might be paying close attention. Plus, a look at the conflicting signals: falling wholesale prices versus rising import costs, and what that says about the path of core inflation. Specific data points include the 0.3% decline in wholesale prices in June and the 2.22% 10-year breakeven inflation rate. A focused, data-driven conversation for anyone trying to understand where inflation is headed next. #ImportPrices #ChinaTrade #Inflation #Disinflation #FedPolicy #CoreInflation #WholesalePrices #GDP #BreakevenInflation #TradeDeficit #GlobalTrade #Economics #MacroMemo #FexingoBusiness #BusinessPodcast #LucasAndLuna #PricePressures #SupplyChains Keep every episode free: buymeacoffee.com/fexingo