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.
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