Her is happening and you're listening to Motley Full Money. I'm Mary Long joined today by Osset Sharma

Osset wonderful to have you here.

Mary, I'm excited to be here.

So we've got some macro data that landed on our lapse today.

We're gonna get to that.

Also later on,'re going to talk

about some AI updates from Google and from Open AI. But again, let's start with the

macro stuff. So the April inflation report is out as of this morning.

The big idea up front is that prices are cooling.

Core CPI, which is the measure that excludes the more roller coasters stuff like food and energy,

that rose 3.6% year over year.

That is the lowest reading since April 2021.

So is the Fed doing a victory lap?

Yeah, Mary, I think the Fed is doing a victory lap today, but let's not get ahead of ourselves.

Don't picture a parade style lap around an F-1-sized circuit.

Instead, picture Jerome Powell or your favorite Federal Reserve Board

Governor of Choice, taking a brief happy dance around their office desk, and then sitting

back down and pulling the charts back up. I mean this is just one month of data right and

previous months we've seen inflation actually exceed expectations so I always say

you need more than one point of data to make a trend, but I think this does bump up the possibilities that we could have that September rate cut that the market has been asking for.

I have to ask, do you have a favorite Federal Reserve governor of choice?

No, I don't actually.

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