June’s inflation report came in cooler than expected—again—but the details reveal something new: tariffs are starting to bite. In today’s episode, we break down which goods are seeing price hikes, why car prices are masking broader increases, and how this data is influencing the Fed’s next move. Plus, we unpack President Trump’s frontrunner to replace Jerome Powell as Fed Chair—and what that could mean for interest rates, monetary policy, and real estate investors going forward.

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