https://hubbardobrieneconomics.com/2026/04/10/a-double-dose-of-bad-inflation-news/HubbardOBrienEconomics.com Blogen2026-04-10T17:21:28+00:00A Double Dose of Bad Inflation NewsMacroeconomics, Monetary Policy, Federal Reserve, inflation, Jerome Powell, federal funds rate, Gasoline prices, Federal Open Market Committee (FOMC), Personal consumption expenditures (PCE) price index, Bureau of Labor Statistics (BLS), Federal funds rate target, Federal funds futures, Federal funds rate probabilities, 12-month inflation v. 1-month inflation, PCE inflation, Core PCE inflation, Core CPI inflation, Looking through a supply shock, Headline PCE inflation, Headline CPI inflation, CPI food inflation, Supply shock, Energy prices, Effects of the conflict in Iran