# Why 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/why-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/why-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: 2026-07-16T17:46:27+00:00 Episode link: https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0118.mp3 Audio file: https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0118.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/why-the-fed-is-watching-wholesale-prices-deflate Duration seconds: 302 ## Resource Episode 118 of The Federal Reserve Podcast explores why the Fed is closely monitoring the unexpected decline in wholesale prices. Lucas and Luna discuss the 0.3% drop in the Producer Price Index for June 2026, driven by a sharp fall in gasoline prices, and what this signals for future Fed rate decisions. They connect this to the latest CPI data showing 3.5% annual inflation, and examine how disinflation in the pipeline could ease pressure on the Fed, even as geopolitical risks and services inflation linger. Using specific numbers and real-time economic indicators, they break down why wholesale deflation might be the most important Fed signal right now. #FederalReserve #Inflation #WholesalePrices #PPI #CPI #MonetaryPolicy #InterestRates #FOMC #Economics #Business #Finance #Disinflation #GasolinePrices #CoreCPI #TenYearBreakeven #FexingoBusiness #BusinessPodcast #EconomicData 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/why-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/why-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.