There's this report that comes out every month called the Consumer Price Index or

C. It looks at the price of all kinds of stuff, everything from cars to close, and calculates

how much inflation there is.

And up until recently, the CPI report has been kind of uneventful.

But over the last year, as inflation has taken off, the CPI report has become a really big deal.

Our colleague Amera Amokwai has been watching it.

I actually, just for fun, was looking back like pre-pendemic at when I had to cover

CPI. And it was just so routine,

like even what I wrote was just so like,

you know, like just so routine.

It was just like eat your vegetables,

write about the

CPI report you know and now it's like so different and then you get

to get your popcorn ready like here comes the data here comes the numbers

like at 30 I'm like oh you know like my heart is like, it's like a big deal now because it's just so closely watched.

On Tuesday morning, the latest CPI report came came out and it was a blockbuster.

We're incrementally making progress towards the Fed's goals here.

We did get a C. P. I report that's given this market a lot of cheer coming in ever so softer than

expectations but enough to really gear up the juice in terms of this market.

Ladies and gentlemen please put your tray tables up and your seat backs in their full upright

positions. We're about to land the plane. We're laying on Wall Street.

The report showed good news. Core inflation, which doesn't include volatile stuff like gas and food,

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