Republicans take on FBI director Chris Ray in a fiery hearing.

Inflation eases to the tune of 3% and we examine what comes next.

And Ray Epps is Suz Fox News for defamation.

I'm Ben Shapiro.

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So everyone is in a state of high excitement this morning in the economics fear because the inflation numbers are in and they are slightly better than expected, down to 3% if you leave aside food and oil prices.

Of course, it's kind of hard to leave aside food because food is clocking in still at a 4.8% rate of inflation over last year.

However, this is the lowest rate of inflation that's been recorded during the Biden administration,

essentially, according to the Wall Street Journal.

Inflation cooled last month to its slowest pace in more than two years, giving Americans

relief from a painful period of rising prices and boosting the chances of the Federal Reserve will stop raising interest rates after an expected increase this month.

The CPI climbed 3% in June from a year earlier.

Labor Department said on Wednesday that is sharply lower than the recent peak inflation rate

of 9.1% in June 2020.

When gas prices hit U.S. record average of $5 a gallon, the June rate declined from 4%

in May, inflation was last close to 3%

in March of 2021. Now, remember, they're searching for 2% inflation. So 3% is still 50% higher than it

normally ought to be. With that said, whenever you have a 3% inflation rate on top of, say,

like a 9% inflation rate we're talking about is since, you know, two years ago, an inflation

rate of 12%, which is still way, way, way too high. What this is sort of foreshadowing for those who

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