Thoughtful Money with Adam Taggart · Saturday, September 12, 2026
Lance Roberts presented three key arguments against a Federal Reserve interest rate hike in the upcoming meeting. He highlighted the upcoming revision to the PPI report, the transient nature of oil price spikes impacting inflation, and the current restrictive level of Fed rates in relation to core inflation figures.
“The PPI report is going to be revised at the end of the month. So the way that the calculation of the PPI report is going to be revised at the end of the month, which is going to lower the rate of PPI when that occurs.”
“We've had a tremendous spike in oil prices over the course of the last couple of months, which is the direct feed into, you know, what's happening with the PPI numbers in particular, because it's a production component. So I wouldn't necessarily raise rates based on a commodity price spike because that's going to reverse.”
“And with the Fed fund rate at 3.75 and inflation at basically 2.5, you're already very restrictive. So if I'm Warsh, I would not be hiking rates here.”