Welcome to Seeking Off was Wall Street Lunch.

Our afternoon update on today's market action, news, and analysis.

Welcome to a special edition of Wall Street Lunch.

This is kind of a Wall Street brunch

for doing it early to take a look at the CPI numbers for July which just came out and

I'm really pleased to be joined by Victor Dergenov who is a investing group leader at Seeking Alpha.

That investing group is the financial profit, definitely something that you'll want to check

out.

And I'm just going to go over the numbers really quick. We had July

CPI come out just moments ago up 2.2% for both the headline number and the

core number. The CPI headline both headline fell to

fell to 3.2%, rose at 3.2%, that's slightly below expectations,

while the core came in at 4.7%, slightly below expectations annually. A little note, owner equivalent

of its rent was up to 0.5%. That's a little hotter than the month before. So Victor, get first blush. What do you think of these numbers?

Oh, hey, first, let me just say that it's great to be here. Kim Khan on your on your

podcast. I'm very happy to be here and yeah just getting the

CPI numbers and you know I think we pretty much we pretty much hit the

hit the Goldilots zone here we got we got the number between the the three to 3.3% that that I was looking for

so perhaps a little bit lower would have been even better but it's it's really

encouraging to see to see inflation

CPI inflation come in slightly below the

The estimates I was I was actually pretty concerned that we could see a higher number 3.5 or higher.

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