# The Fed Is Watching Wholesale Prices Deflate Page: https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/the-fed-is-watching-wholesale-prices-deflate Text version: https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/the-fed-is-watching-wholesale-prices-deflate.md Podcast: [The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy](https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696) Published: 2026-07-15T17:54:17+00:00 Episode link: https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0116.mp3 Audio file: https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0116.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/episodes/the-fed-is-watching-wholesale-prices-deflate Duration seconds: 485 ## Resource In this episode of The Federal Reserve Podcast, Lucas and Luna examine why the Fed is paying close attention to the unexpected 0.3% decline in wholesale prices for June 2026. With consumer inflation cooling to 3.5% and the 10-year breakeven rate dipping to 2.25%, the hosts explore whether deflationary pressures in producer prices could signal a faster path to rate cuts. They discuss the implications for the Fed's dual mandate, the risk of overreacting to volatile energy components, and how the PCE price index—which weights producer inputs differently—might confirm the trend. A focused look at one data point and its ripple effects on monetary policy. #FederalReserve #MonetaryPolicy #WholesalePrices #PPI #Inflation #Deflation #InterestRates #FOMC #CPI #PCE #BreakevenRate #EnergyPrices #Gasoline #EconomicData #RateCuts #CentralBanking #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/episodes/the-fed-is-watching-wholesale-prices-deflate/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/the-fed-is-watching-wholesale-prices-deflate.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.