Core inflation was 2.6%.
Posted by Bannon`s War Room, Checked
- Sources
- 3 contradict3 support1 context
- Said
- 1 time·
- Confidence
- 60%
Bannon`s War RoomOct 28, 2026
Core CPI inflation was 2.6% over the 12 months through September 2026, as reported before the 2026-10-28 post, so the figure holds under the CPI measure. However, the Fed's preferred core PCE measure was about 3.0% in August and forecast at 3.1% for September, so the claim fails under that measure; the claim does not specify which measure is meant.
A detail. The sources confirm the gist; the verdict faults a detail such as a date, number or wording.
A guest makes this claim. Listeners heard it, so it counts against the post, and on the guest's own record.
This claim is about the present, so it is judged as of the day it was checked.
What was said
… Lisa Cook, she's the one who allegedly forged her mortgage papers, and she voted for a hike. And I don't know whether it's just stupidity or kind of no hell half no fury and someone under indictment, but the Fed is not our friend, Steve. The Trump economy, I mean, core inflation, Steve, was only 2.6%, okay? This is all an energy price shock. You don't raise rates into the teeth of an energy price shock. So, not good, and not good anyway. …
Bannon`s War Room · · from the transcriptPost →What we found
Contradicts. Core PCE inflation, the measure the Fed follows, was 3.0% in August and was forecast at 3.1% for September, well above 2.6%.[1][4][5]
Supports. Reuters reports core CPI rose 2.6% in the 12 months through September 2026, up from 2.4% in August.[2]
Supports. Investopedia and Trading Economics both report core CPI at 2.6% year-over-year for September 2026, based on BLS data.[6][7]
Context. The Treasury's 2.6% core CPI figure refers to March 2026, a different period, so it corroborates the level but not the September reading.[3]
Context. The post's extraction is faithful: it attributes the 2.6% figure to 'core inflation' in a passage about the Fed, without naming a measure.
Sources
7 sources: 2 fact-checkers, 1 primary, 4 not rated
- 1Federal Reserve keeps rates unchanged despite elevated ...apnews.com · fact-checker · cited for: contradicts
- 2US consumer prices accelerate in September on costlier gasoline; core CPI firmerreuters.com · fact-checker · cited for: supports
- 3Economic Policy Statements to TBAC: 2026 - 2nd Quarterhome.treasury.gov · primary source · cited for: context
- 4US inflation heats up in September; consumer spending risesrmb.reuters.com · not rated · cited for: contradicts
- 5PCE inflation report September 2026:cnbc.com · not rated · cited for: contradicts
- 6Inflation Is Heating Up Again—and It's Not Just Gas Pricesinvestopedia.com · not rated · cited for: supports
- 7United States Core Inflation Ratetradingeconomics.com · not rated · cited for: supports
Where this claim was made
Said in 1 published post