Inflation Won’t Quit. Will the Fed Blink First?? | S2 E089 | 10-17-25

Markets with Megan: A Quick Financial Markets Update · Oct 17, 2025 · 3m · transcript

Markets don’t pause just because official data does. With the government shutdown stretching on, we turn to the signals still flashing: ISM surveys, regional Fed reports, and futures pricing that point to a tricky mix of sticky services inflation and a softening job market. We share what we’re seeing behind the headlines, why services matter more than ever for your wallet, and how prices paid in both services and manufacturing complicate the path back to the Fed’s 2 percent target.

We walk through the latest reads from ISM Services at 69.4 on prices paid and ISM Manufacturing at 61.9…