Latest / The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy
Why the Fed Cares About Your Gas Bill More Than You Think
Inflation is still running above the Fed's target — core PCE hit 3.3% annualized in April. But the component that has the Fed's attention isn't shelter or services. It's energy. This episode unpacks why gasoline and heating oil are uniquely dangerous for monetary policy: how they feed into inflation expectations, why the Fed can't ignore them even though they're volatile, and what the Iran war's $450-per-household energy surcharge means for the timing of rate cuts. Lucas and Luna walk through the specific data from the April PCE report and recent Fed…
The skinny
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