Why Stagflation Is Breaking the Rules of Core Inflation

Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes · Aug 30, 2026 · 10m · transcript

In this episode of Stagflation Conversations, Lucas and Luna dig into a counterintuitive puzzle: core inflation is running hotter than the headline number, even as growth slows and unemployment ticks down. With the Fed's preferred gauge showing core prices up 3.3 percent annually and real GDP growth just 1.5 percent, they ask whether the old stagflation playbook still applies. They explore why the core-versus-headline gap is widening, what it means for policy, and how the bond market is reading the signals. Along the way, they touch on the Fed's new leadership, the debate over how…