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Welcome to the real vision daily briefing.

It is Wednesday, August 11th.

I'm Jack Farley.

Fortunately, we are joined by veteran financial journalist Dionne Rebowen

and of course the great Peter Bookfarer of Bleakly Advisory Group.

Today we are talking about inflation.

What else?

That is our main story.

The latest consumer price index reading came in this morning at 5.4% year over year.

A hair over what was expected in from economist Dionne.

Yeah, I thought really what was super interesting when I saw this report come out was the reaction of the bond market.

You saw a major sell-off in yields, which is investors buying bonds, which is unusual because we got this print 5.4% on the headline,

which normally you'd think would scare bond investors, make them sell, but they did the opposite and bought.

...