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May 28, 2026

Inflation's heading in the wrong direction

PCE was released this morning and showed that prices were up 3.8% from a year ago in April. What’s that mean for the Fed?

Inflation's heading in the wrong direction — Stefani Reynolds/AFP via Getty Images

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Segments From This Episode

War in the Middle East has forced U.S. farmers to adapt
by Nova Safo and Erika Soderstrom
Jim Watson/AFP via Getty Images
Farmers have had to adjust to rising prices and shipping disruptions from the Strait of Hormuz’ closure, on top of existing economic strains like tariffs.
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The Team

Nova Safo Host
Meredith Garretson Morbey Supervising Senior Producer
Alex Schroeder Senior Producer
Ariana Rosas Producer
Erika Soderstrom Associate Producer
Tamar Faggen Assistant Producer
Ashley Rodriguez Assistant Producer
Emma Condon Assistant Producer
Dylan Miettinen Digital Producer
Brian Allison Audio Engineer
Tessa Bloch Audio Engineer
David Schreck Audio Engineer