Episode
Why the Fed Is Watching the Services Sector for Inflation Clues
- Published
- Jul 16, 2026
- Duration seconds
- 286
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Summary
Episode 117 of The Federal Reserve Podcast dives into a key inflation signal the Fed is monitoring closely: services-sector pricing power. With the June CPI coming in at 3.5% annually, down from 3.8% in May, the headline number looks good. But Lucas and Luna explain why core services excluding housing — the so-called 'supercore' — remains sticky around 4.2%, driven by labor-intensive industries like healthcare, hospitality, and auto repair. They reference fresh data from the Atlanta Fed's Wage Growth Tracker and a new Fed research paper on firms' pricing behavior. The hosts also discuss how the World Cup boost to bars and restaurants, noted in the Fed's Beige Book, might complicate the inflation outlook. If you want to understand why the Fed is not declaring victory yet, this episode lays it out with concrete numbers and clear logic. #FederalReserve #Inflation #ServicesSector #SupercoreInflation #CPI #MonetaryPolicy #FOMC #WageGrowth #AtlantaFed #BeigeBook #WorldCupEffect #Hospitality #Healthcare #AutoRepair #PricingPower #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo