Sticky Inflation, a Jittery Fed, and Meta's $16.7 Billion Settlement

Core PCE inflation holds at 3.3% just days before Fed Chair Warsh's Jackson Hole speech, Treasury Secretary Bessent's bond buyback move adds pressure on the Fed, and Meta settles teen social media addiction lawsuits with 29 states for $16.7 billion. In this episode: • Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July — https://www.cnbc.com/2026/08/26/feds-preferred-inflation-gauge-shows-core-prices-rose-3point3percent-annually-in-july.html • Dollar and bond markets 'on edge' ahead of Jackson Hole as Bessent's market intervention piles pressure on Warsh — https://www.cnbc.com/2026/08/26/jackson-hole-warsh-bessent-bonds-treasury-dollar.html • Meta settles social media addiction case with California, other states for $16.7 billion — https://www.cnbc.com/2026/08/26/meta-social-media-trial-settlement.html