U.S. Import Prices, Inflation, & the Fed’s Next Move 4/15/26

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 15 April 2026

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

House Minority Leader Hakeem Jeffries (D-NY) offers his party’s perspective on the Iran War, the President’s delivery on the economy, and America’s affordability crisis. This week, the market digested multiple economic data sets. On Tuesday, the producer price index, a gauge of pipeline costs for final demand goods and services, made the biggest 12-month gain since February 2023. Today, the Bureau of Labor Statistics showed that U.S. import prices rose less than expected in March, and petroleum import prices increased 9.4% as the war in Iran drove energy prices higher. CNBC’s Steve Liesman and Rick Santelli break down the data and the market’s expectations for that data, and Cleveland Fed President Beth Hammack explains what the numbers could mean for the Fed’s next interest rate decision. Plus, CNBC’s Phil LeBeau discusses the potential for airline mergers in the current administration, Anthropic is reportedly turning down VC money, and Kevin Warsh’s Fed nomination hearing has been scheduled after a delay. Phil LeBeau - 11:13 House Minority Leader Hakeem Jeffries - 19:33 Steve Liesman & Rick Santelli - 36:48 Beth Hammack - 42:47 In this episode: Hakeem Jeffries, @RepJeffries Phil LeBeau, @Lebeaucarnews Steve Liesman, @steveliesman Rick Santelli, @RickSantelli Kelly Evans, @KellyCNBC Michael Santoli, @michaelsantoli Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	bring in show music please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squawk Pod.
0:09.8	Wall Street approaches another key all-time high.
0:13.5	The Stock Index of the S&P 500 advances on optimism about a potential deal to end the war in Iran.
0:20.8	Are Mike Santoli on the numbers?
0:22.6	Since 1957, the S&P's been at a new high, one out of every 14 days. Wow. So 7% of all days.
0:28.7	So that just tells you the general direction of travel. The politics brewing beyond an Iran deal,
0:35.6	House Minority Leader Hakeem Jeffries on the impact to consumers.
0:39.7	The problem with this reckless war of choice is life has gotten more expensive.
0:44.0	Gas prices are now more than $4 a gallon across the country.
0:49.4	And one of the voting members of the Federal Reserve's rate-setting committee,
0:53.7	Cleveland Fed President Beth Hammack, says we should pay attention to pocketbook issues.
0:58.7	They feel the price of gasoline at the pump every time they go to refill their cars.
1:03.6	While setting policy.
1:05.1	I think that rates are in a good place. My baseline is that we're going to remain on hold for a good while.
1:11.4	Plus the rest of today's news that got us squawking. It's Wednesday. It's April 15th. Squawk Pod
1:18.1	begins right now. Stand by Joe. And three, two, one. His mic. Here.
1:25.9	Good morning and welcome to Squackbox here on CNBC Live from the NASDAQ market site in Times Square.
1:30.9	I'm Joe Kernan, along with Kelly Evans and, aforementioned Mike Santoli.
1:37.3	April 15th just sends a chill through my bones.
1:41.6	You remember Ronald Reagan?
	...

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