Inflation Cools, But the Fed’s Job Isn’t Over

The Financial Exchange Show · Sep 30, 2026 · 38m · transcript

The Fed’s preferred inflation measure came in lighter than expected, but the broader economic picture still points to sticky price pressure and a growing debate over whether another rate hike is needed.

Paul Lane and Marc Fandetti break down the latest core PCE inflation report, why revisions helped soften the headline number, and what the data could mean for the Fed’s next move. They also discuss stronger GDP revisions, John Williams’ comments on interest rates, why high earners say they are living paycheck to paycheck, the widening gap between the rich and the ultra-rich, rising mortgage…