BOOM! Inflation's Biggest Drop in Years Shakes the Narrative

The Ben Ferguson Podcast

iHeartPodcasts

Politics, News Commentary, News

4.8 • 5.4K Ratings

🗓️ 15 July 2026

⏱️ 14 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

1. U.S. Inflation Report and Economic Performance

A recent U.S. Consumer Price Index (CPI) report showing a significant decline in inflation.
Economists surveyed by Bloomberg incorrectly predicted the inflation outcome.
Inflation fell by 0.4% month-over-month, which the speaker describes as the largest monthly decline in several years.
Lower gasoline and energy prices are presented as the primary factors behind the improvement.
Financial markets reacted positively, with:
- Stocks rising.
- Treasury yields falling.
- Increased expectations that the Federal Reserve may avoid additional interest rate hikes.
Mainstream media and economists are biased against Trump and intentionally emphasize negative economic news while ignoring positive developments.

Tone: Highly partisan and supportive of Trump. The discussion blends economic data with political interpretation and criticism of media organizations and economists.

2. Iran and the Strait of Hormuz

Roughly 20% of global oil supply passes through the strait.
Escalating tensions between the United States and Iran.
Alleged U.S. military strikes on Iranian military infrastructure.
Iranian missile and drone activities threatening shipping and regional facilities.
Concerns about:
- Disruptions to maritime trade.
- Rising oil prices.
- Broader regional conflict.
Discussion of a proposed U.S. transit fee for ships using the Strait of Hormuz that the speaker says President Trump later replaced with trade and investment agreements with Gulf nations.
References to:
- A blockade on Iranian shipping.
- Additional military operations.
- Trump's threats to target Iranian power plants and bridges unless Iran negotiates.

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Transcript

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0:00.0	This is an I-Heart podcast.
0:02.6	Guaranteed Human.
0:05.0	But we're going to hit them very hard tonight.
0:07.5	We're going to hit them very hard tomorrow night.
0:09.5	We're going to hit them very hard the night after.
0:12.1	And then next week it gets really bad for them because next week comes the power plants.
0:19.6	Next week comes the bridges. We're going to knock out all their power plants.
0:23.4	We're going to knock out all their bridges unless they get to the table and negotiate.
0:27.6	You're listening to the 47 morning update with Ben Ferguson.
0:31.6	Good Wednesday morning. Nice to have you with us on the 47 morning update and we've got two big stories for you.
0:37.0	First up, the media and the
0:38.8	economists, yeah, they got it wrong. Inflation numbers are out and it was a big drop. In fact,
0:46.0	the biggest drop in inflation in six years. So where is it now and how did the economists and
0:51.8	everyone else get it wrong? Could it be it's just because
0:54.3	they hate Donald Trump? We'll explain it to you. Also, the president has a major update on
0:59.5	the Strait of Hormuz and it now means that those tolls that were promised that were going to be
1:04.8	paid, they may be disappearing because of a new deal. It's the 47 morning update and it starts right now.
1:11.9	Story number one. All 67 economists got Donald Trump's inflation report wrong.
1:19.2	That's right, America. They want you to believe the economy is terrible. But real inflation, it just dropped by 0.4%. That is the biggest drop in six years.
1:31.7	Bloomberg surveyed 67 economists, and 67 of those economists, like I said, got it wrong.
1:39.4	Now, the latest Consumer Price Index shows that inflation cooled much more than the analysts had expected.
1:47.2	Consumer prices falling 0.4% from the previous month.
	...

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