Hello, local, Robocapattals, hope you're well.

So we got the new CPI report out.

Let's go right over to see MBC and check out the details.

And then we're gonna go over to Zeroheads.

They've got some fantastic charts out there, Then we're going to see how bond yields, more specifically Treasury yields, are responding. Because if you guys been watching my videos, I think yesterday I was talking about it, how I thought there was probably a CPI to the downside priced in to Treasury yields.

So, I don't want to give way too much here.

Let's get right over to see and be see and check it out.

The headline, we've got annual inflation rate slows to 2.9% in July lowest since 2021 like we're seeing in the title. But the month over month hit expectations.

Month over month was 4.2% increase and that's what brought along with the

base effects the CPI overall year over year down to 2.9%

be clear month over month it was right in line with expectations.

So I thought there was a downside or a downside surprise priced into the

CPI today yesterday when I was looking at Treasury yields because they went

down for two or three days straight.

So I'm like, hmm, they're probably pricing in a surprise,

a softer than expected CPI report.

And we're going to get into the price action with the

the treasuries or the yields I should say in a moment here and I think it's a

tell for what we could see as far as the economy in the future.

More on that in a moment.

So excluding food and energy,

volatile food and energy,

...