Here's what happens when a company ties about half of its profits to someone who doesn't

actually work there.

You're listening to Motley Full Money.

Joining us now is Oset Sharma Asset.

We've got some fresh inflation numbers to dig into.

Good to see you as always and then we'll dig into those.

Nothing better than fresh numbers to work with.

Headline inflation for the month of May hit a scosh over 4% if you take out that pesky

food and energy costs are at about 5.2%.

Oset is this what a soft landing feels like?

Well Ricky, it could be.

I think there are a few things I'd like to see fall in place before I would feel more

confident in saying we're going to have a soft landing.

Big picture, a year ago the CPI number was at 9.1%.

That was beginning of June of 2022.

So we're down 5% points from that peak on the reported number.

I see the falling, like having to fall in place for this to feel not hard.

So the Fed will moderate further rate hikes.

Maybe they hold the line this month and they don't obsess over this last 2% points

that's left between 4% where we are today and that long term inflation rate they seek

to hold, which is 2%.

They've got to be patient.

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