Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
The Fed's Preferred Inflation Gauge and Your Wallet
On this episode of Inflation Explained, Lucas and Luna drill into the Fed's preferred inflation gauge — the PCE price index — and why it matters more to your wallet than the CPI you hear about in the news. They break down the differences between the two measures, from how they're calculated to what they include, and explain why the Fed leans on PCE when setting interest rates. With core PCE running at 3.3 percent annually as of July, the hosts discuss whether the Fed's approach is working and what it means for your borrowing costs, from mortgages to credit cards. They also…
The skinny
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