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CBS I In The World I'm John Bachelor.

The American economy in August.

It's vacation time.

It's time to bring in the crops is time for farmers markets.

It's also time to talk about inflation coming down or performing better thanks to the Federal Reserve.

Hiking 11 times in the last year.

Jim McTegg, former Washington editor of Baron's Magazine.

He's in Lancaster County, the front line of the front line of Agriculture America.

He's surrounded by Amish farms.

It's really good food.

At the same time, everybody worries about inflating prices at the gas pump and at the grocery or farmer's market.

Now, those two prices are cut out of what is called the core rate.

So Jim, I come to you.

The markets want to always talk about the core rate.

Why?

What does that tell them?

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