In this episode of The Inflation Brief, Greg Daco and Laura Rosner-Warburton unpack the latest CPI report, highlighting how rising energy costs and power market dynamics are pushing consumer prices higher. They explore the inflationary impact of tariffs on goods like food and beverages, and introduce a new way to track price pressures in tariff-sensitive sectors. The conversation also covers emerging disinflationary trends in shelter and travel, along with shifting consumer behavior. As inflation forecasts evolve, Greg and Laura discuss what it all means for the Fed’s policy path and the broader economic outlook.

Greg Daco, NABE Vice President; Chief Economist, EY

Laura Rosner-Warbuton, Senior Economist and Founding Partner, MacroPolicy Perspectives LLC

This episode was recorded on July 17, 2025.

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NABE is the premier professional association for businesseconomists and others who use economics in the workplace. Since 1959, NABE has attracted the most prominent figures in economics, business, and academia to its membership with highly-regarded conferences, educational and careerdevelopment offerings, industry surveys, and its unrivaled networking opportunities. Past presidents of NABE include former Chairman of the Board of Governors for the Federal Reserve System, Alan Greenspan, several former Federal Reserve Governors, and other senior business leaders.