Well, the CPAI data comes out tomorrow at 8.30 Eastern time.

So I wanted to do a quick video talking about what we should expect.

What is the market predicting right now?

Let's go right over to see and be see and check this out.

Headline, let's do the screen, share first.

Go to the headline, here we go Thursday's inflation data may be low but don't expect

the Fed to declare mission accomplished yet so keep talking talking points. The closely watched

Consumer Price Index is forecast to show a monthly increase of 0.2 percent.

So again, last month I believe it was either point one or point two.

So they're basically expecting the exact same thing a month over month increase of point two.

This is for July,

other way, and so then the 12-month headline

CPI would go from three to 3.3.

But history has shown that inflation is stubborn and can last longer than it is expected once it becomes elevated.

Right. There's some variables in there that I would assume this article ignores something that my good friend Lynn Alden gets into.

You got to look at why the amount of currency units are increasing, what's going on the velocity,

a lot of nuance there, And if the increase in currency units

as a result of government deficit spending,

then you've got to ask yourself,

okay, how can we get those deficits,

or what are the probability that they get those deficits up to levels

that we saw in 2020 that actually produced the consumer price

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