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.

Hello and welcome to DC today. It is Wednesday, September the 13th, and it's going to be with you all here today.

Markets kind of into the open at least were slightly negative, but not by very much, maybe

20 points or so.

It was sort of just all in anticipation of the CPI number that was going to come out at

around 8.30 Eastern time.

And then when the number did come out,

actually, markets were up.

We were up about 100 points early on in the morning.

The CPI number for August came in for,

at least on Headline CPI, came in for August at 0.6%

for the month and was at 3.7% year over year on headline, which is right in line with estimates.

Basically, there was an expectation for a year over year to be 3.6.

So I guess I can say 0.1% more than some expected, but basically in line.

Core CPI, which is more what the Fed looks at, which strips out things like food and energy,

which are volatile, came

in for August at 0.3%, and on the year at 4.3%, which was right in line with expectations.

It's down from about 4.7% last month. So all moving in the right direction. It was what we had

expected, which is that some of, not very much, but a little bit of the shelter cost numbers, the owner equivalent rent came down a little bit.

It keeps inching lower.

It's just really slow.

But it came down a little bit that offset some of the increase in energy costs, which we knew were going to happen, obviously with oil trading where it did in the month compared to the month before. Gasoline was up like

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