The Fed’s Favorite Lie: What June’s Inflation Report Isn’t Telling You Welcome to the Economic Twilight Zone The official narrative is clear: the Federal Reserve held interest rates steady again, and inflation is “mostly under control.” But if you think the story ends there, think again. This week, the Commerce Department’s report on the Fed’s favored inflation gauge—the Personal Consumption Expenditures (PCE) index—revealed that consumer prices rose by 0.3% in June, jumping to a 2.6% annual increase. That may sound mild, but it's the third straight acceleration and another crack in the fragile facade of “stable prices.” So let me ask you—do you really feel like inflation is under control? Does your grocery bill say 2.6%? Or is your reality…
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