# What Falling Core PCE Tells Us About the Fed Rate Path

Page: https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/what-falling-core-pce-tells-us-about-the-fed-rate-path
Text version: https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/what-falling-core-pce-tells-us-about-the-fed-rate-path.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: 2026-07-15T05:38:20+00:00
Episode link: https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0115.mp3
Audio file: https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0115.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/episodes/what-falling-core-pce-tells-us-about-the-fed-rate-path
Duration seconds: 444

## Resource

The June CPI data landed softer than expected, but the Fed's preferred inflation gauge—core PCE—is still running hot. Lucas and Luna dig into the divergence between CPI and PCE, explaining why the Fed trusts the latter more, and what the latest 2.25% breakeven rate signals about market expectations. They connect the dots to the yield curve, the Fed funds rate stuck at 3.63%, and what it all means for the odds of a September cut. Plus, a candid moment about how listener support keeps the podcast ad-free. #FederalReserve #MonetaryPolicy #Inflation #PCE #CPI #CorePCE #InterestRates #FedFundsRate #BreakevenRate #YieldCurve #Economics #FOMC #LucasAndLuna #Podcast #FexingoBusiness #BusinessPodcast #FinancialEducation #MacroEconomics Keep every episode free: buymeacoffee.com/fexingo

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## Transcript

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