Core Inflation Hits 3.4 Percent What the Fed Sees

The Fed's preferred inflation gauge, core PCE, hit 3.4% in May 2026 — the highest since October 2023. Lucas and Luna dig into why this number matters more than CPI, how it contradicts other inflation signals like the 10-year breakeven rate (now at 2.20%), and what it means for the interest rate outlook. They discuss the components driving the rise — particularly services inflation — and whether the bond market's calm is justified or a warning sign. No hot takes, just a careful read of the data with specific numbers from the June 28, 2026 release. #CorePCE #Inflation #FederalReserve #InterestRates #EconomicData #PCEPriceIndex #BreakevenInflationRate #BondMarket #ServicesInflation #MonetaryPolicy #Economics #FexingoBusiness #BusinessPodcast #MacroData #GDP #CPI #PMI #EconomicIndicators Keep every episode free: buymeacoffee.com/fexingo