The Real Signal in Surging Wholesale Inflation

Wholesale prices surged 1.1% in May, far more than expected, driven by a spike in energy costs linked to the Iran conflict. Lucas and Luna dig into what this PPI number really means for June CPI, the Fed's next move, and whether the market is misreading the inflation trajectory. They break down why the core PCE — not headline CPI — remains the Fed's true north star, and why the yield curve's recent steepening might actually be a sign of sticky inflation rather than recession. With the Fed funds rate at 3.63% and breakeven inflation rising, this episode connects the dots between producer prices, consumer prices, and central bank policy. No hot takes, just the data. #WholesaleInflation #PPI #CPI #FedPolicy #IranConflict #EnergyPrices #InflationOutlook #CorePCE #YieldCurve #BondMarket #FedFundsRate #MacroEconomics #FexingoBusiness #BusinessPodcast #Economics #InflationData #ProducerPrices #MonetaryPolicy Keep every episode free: buymeacoffee.com/fexingo