Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
What Sticky Services Inflation Means for the Fed
The Fed has cut rates to 3.63 percent, but services inflation remains stubbornly above pre-pandemic norms. In this episode, Lucas and Luna dig into the May CPI data, where services prices rose 0.3 percent month-over-month while goods prices actually fell. They explore why the Fed is more worried about supercore services inflation than headline numbers, and what the ten-year breakeven rate dropping to 2.21 percent tells us about market expectations. The hosts also discuss how the Iran oil sanctions waivers could affect energy costs and complicate the inflation picture. Specific examples…
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