Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What Falling Core CPI Means for the Fed Despite Sticky Services
In episode 128 of The Federal Reserve Podcast, Lucas and Luna dig into the June 2026 CPI data: headline CPI fell to 332.6, core CPI dipped to 336.1, and the 10-year breakeven inflation rate ticked up to 2.26. They explore why the Fed is cautious about declaring victory — services inflation, especially in housing and healthcare, remains stubborn. They also discuss the surprise uptick in import prices from China and how that could complicate the rate path. A focused look at the mixed signals the FOMC is weighing ahead of the next meeting.
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The skinny
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