U.S. PCE Inflation Rose 0.5% in September

Where Left and Right agree, and where they split

Where Left and Right agree

Annual PCE inflation rose to 3.6% — still above the Fed's 2% target — driven largely by a 9.2% one-month jump in energy prices, even as rates held at 3.75%-4.00%.

Where Left and Right split

Left and right split on whether the energy spike justifies holding steady or demands a clearer path to 2%.

Why they won’t converge

The disagreement is about trust in institutional timing: whether the Fed's steady 3.75%-4.00% stance reflects appropriate patience with a single volatile month or an unkept promise against its own 2% target, a judgment no fact resolves.