Inflation is at three plus percent.
Posted by Pivot, Checked
- Sources
- 3 support4 context
- Said
- 1 time·
- Confidence
- 80%
PivotSep 4, 2026
Inflation was at roughly 3.4% year-over-year in August 2026, the latest month available as of the September 4 posting, so the claim that inflation was at three-plus percent holds. Later September data (CPI 3.7%, PCE 3.6%) came after the posting date and do not change the August-based verdict. The extraction faithfully matches the passage's wording.
This claim is about the present, so it is judged as of the day it was checked.
What was said
… change his policy directions and change his mind, even though he's a stubborn guy and loves to double down, and what we see now is that the bond market is basically a fount of wisdom, and right now it's sort of flashing bright yellow, nearly red. You know, 40 trillion dollars of debt, 6% budget deficits, war in Iran, Strait of Hormuz closed, rising gasoline prices and oil prices, inflation generally being at three plus percent, is not sustainable, not good for the economy, and we need to start taking remedial action, and quickly. …
Pivot · · from the transcriptPost →What we found
Supports. Federal Reserve Governor Barr's September 23 remarks state that annual inflation was 3.4% in August as measured by the consumer price index.[6]
Supports. Reuters reports that the PCE price index was up 3.4% year-over-year in August 2026, before being revised or superseded by September data.[1]
Supports. AP reports that the Fed-monitored inflation gauge accelerated to 3.6% in September from 3.4% in August, confirming the August level of about 3.4%.[2]
Context. The Fed's September 3 speech describes inflation as meaningfully above the 2% goal, consistent with inflation in the three-plus percent range on the posting date.[3]
Context. September readings (CPI 3.7%, PCE 3.6%) were published after the claim date and show inflation rising further, which does not make the September 4 claim false.[4][5][7]
Sources
7 sources: 2 fact-checkers, 3 primary, 1 tier 1, 1 not rated
- 1Robust consumer spending, AI-related investment power US economy in third quarterreuters.com · fact-checker · cited for: supports
- 2Inflation heats up again, data shows, days before midterm elections where cost of living dominatesapnews.com · fact-checker · cited for: supports
- 3Speech by Governor Waller on the economic outlookfederalreserve.gov · primary source · cited for: context
- 4Consumer Price Index Up in September by 0.65 Percent ...jec.senate.gov · primary source · cited for: context
- 5Consumer Price Index News Releasebls.gov · primary source · cited for: context
- 6Michael Barr says Fed will likely raise interest rates to fight ...thehill.com · tier 1 · cited for: supports
- 7United States Inflation Ratetradingeconomics.com · not rated · cited for: context
Where this claim was made
Said in 1 published post