Welcome to the DC Today, your daily market synopsis of the Dividing Cafe, brought to you every Monday through Thursday to bring you up-to-date information and perspective on financial markets.

Well, hello, good evening, and welcome to this Fed Day Wednesday, D.C. today.

My name is Brian Saitel.

Thank you for joining us in watching and listening.

We have, or I have a pretty decent amount of Fed talk to go through.

We had sort of a cooler than expected CPI number yesterday and then what ended up being technically

an inline Fed comment today that the market perceived is more hawkish because it was hoping

for it to be dubbish.

But also to unpack that primarily today, it's a lot of Fed talk and I'll talk about stocks

and bonds and kind of how it all correlates together.

We were yesterday up seven over 700 at one point, as we discussed and ended up closing

just over 100 and some odd points on the day, kind of gave a lot of that back.

It was volatile and it was around this sort of inflation number that came out that was a little

softer than expected.

It was a 0.1% on the month to a 7.1% year every year. So a little cooler, which was, which

was good. But you had sort of this big market reaction on the upside right away and then he had

it all come back and go negative and then you sort of closed right at the end slightly or a little

positive, which was fine.

Today it was almost similar.

You had the same type of reaction.

Another big macro event.

I would say it's the last macro event for 2022, at least in the U.S.

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