{"podcast":{"title":"The Federal Reserve Podcast with Fexingo: Interest Rates, FOMC Meetings, and Monetary Policy","slug":"the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696","podcast_index_feed_id":7871696,"rss_url":"https://feeds.fexingo.com/business/the-federal-reserve-podcast.xml","website_url":"https://www.fexingo.com/","image_url":"https://audio.fexingo.com/business/the-federal-reserve-podcast/cover.png","author":"Fexingo","episode_count":121,"summary":"Lucas and Luna dissect the Federal Reserve's every move—from FOMC rate decisions and dot-plot projections to the arcane mechanics of open market operations. Each episode opens with a live data snapshot: the current fed funds rate, Treasury yield curve slope, and the latest reading on the Fed's preferred inflation gauge (PCE). Then they argue over what the data actually means. Should the market price in a cut? Is QT about to end? Why did one regional Fed president break with the consensus? The conversation is calibrated for the listener who already knows the difference between IOER and ON RRP and wants to hear two incisive analysts—not pundits—wrestle with the nuances. Lucas brings the journalist's instinct for what matters to Main Street; Luna pushes back with the macro quant's obsession with regime odds. Together they walk the line between monetary theory and the real-world bets that portfolio managers, corporate treasurers, and independent investors are making this week. No helicopter economics. No 'Fed will save us' cheerleading. Just a clear-eyed, numbers-driven interrogation of the central bank that moves every market. By the end, you'll have a sharper framework for interpret…","last_synced_at":"2026-07-18T12:19:18.798932+00:00","page_url":"https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696"},"episode":{"title":"Why the Fed Is Watching the PCE Over CPI Now","slug":"why-the-fed-is-watching-the-pce-over-cpi-now","published_at":"2026-07-13T17:53:58+00:00","page_url":"https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/why-the-fed-is-watching-the-pce-over-cpi-now","show_page_url":"https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696","url":"https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0112.mp3","audio_url":"https://audio.fexingo.com/business/the-federal-reserve-podcast/episode-0112.mp3","summary":"Episode 112 of The Federal Reserve Podcast with Fexingo digs into a subtle but critical shift in how the Fed reads inflation. While headline CPI still grabs headlines, Lucas and Luna explain why the central bank's preferred gauge — the personal consumption expenditures price index, or PCE — is telling a different story. With core CPI at 336.1 and core PCE at 130.1, the gap between them has widened. This episode explores why PCE matters more for rate decisions, how it accounts for substitution effects, and what the latest data suggests about the path forward. Lucas breaks down the compositional differences — PCE weights health care and housing differently, catches discount shopping, and smooths out volatility. Luna questions whether the Fed's reliance on PCE is becoming outdated as 'funflation' reshapes consumer spending. Along the way, they reference the inverted yield curve, Fed funds rate held at 3.62 percent, and the falling labor force participation rate. A focused, data-driven conversation for anyone tracking the next FOMC move. #PCE #CorePCE #CPI #CoreCPI #FederalReserve #FOMC #MonetaryPolicy #Inflation #InterestRates #Funflation #LaborForceParticipation #YieldCurve #FedFundsRate #CentralBank #Economics #FexingoBusiness #BusinessPodcast #FedPodcast Keep every episode free: buymeacoffee.com/fexingo","meta_description":"Episode 112 of The Federal Reserve Podcast with Fexingo digs into a subtle but critical shift in how the Fed reads inflation. While headline CPI still gra…","key_points":[],"chapters":[],"topics":[],"duration_seconds":433,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"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-the-pce-over-cpi-now/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-federal-reserve-podcast-with-fexingo-interest-rates-fomc-meetings-and-monetary-policy-7871696/why-the-fed-is-watching-the-pce-over-cpi-now.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}