Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
Why the Fed Is Stuck Between Core Services Inflation and Rate Cuts
In Episode 64 of Inflation Explained, Lucas and Luna dig into the data point that has the new Fed chair, Kevin Warsh, boxed in: core services inflation, which excludes housing and energy, has barely budged even as headline CPI cools. They break down why the Fed's preferred PCE measure is stuck above its target, how the 10-year breakeven rate hints at market skepticism, and what this means for your paycheck and borrowing costs. Using the latest May 2026 CPI data and June FOMC context, they explain the one number that matters most and why it's keeping interest rates higher for longer…
The skinny
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