For most of the past year, investors were waiting on one thing from the Federal Reserve: rate cuts. Then, over just a few weeks, that hope vanished, and the market flipped from expecting cuts to bracing for a possible rate HIKE. As one Realtor.com economist put it, the question is no longer if the Fed hikes, but when. Here's the twist almost everyone is getting wrong: it didn't happen because inflation came roaring back. In this video I break down the real reason the rate cuts disappeared, why brand-new Fed Chair Kevin Warsh is suddenly talking so tough, and what it actually means for your money, without the fear-bait. The key is a distinction most people never hear explained: the difference between CPI, the inflation number you hear about most, and PCE, the gauge the Federal Reserve actually targets at 2%. CPI cooled off, but the Fed's preferred PCE measure stalled, stuck around 3.7% (core near 3.3%) for months, well above target and refusing to fall further. That stall, not a spike,...