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Good morning. Today is Thursday, January 12th. I'm Rina Schirbel filling in for Julie Morgan.

Our top stories today. What will today's Consumer Price Index tell us?

Pelt's added again, and damaged database disrupts travel.

More on today's news.

As the Federal Reserve has ratcheted up interest rates, inflation has started to cool according to recent economic reports.

Most recently, wage growth rose less than expected in the December non-farm payrolls report,

resulting in further assurance that a wage price spiral has not

developed. Average hourly earnings from previous months also included

significant downward revisions giving hope that price pressures will finally melt away.

Today investors will see if that trend continues when the Department of Labor

publishes the latest Consumer Price Index.

Headline inflation is expected to rise 6.5% year over year in December

easing from just over 7% in November and dropping for the 6th consecutive month.

Core CPI CPI, which excludes volatile food and

energy prices, is expected to increase 5.7% versus 6% in November, though it comes

as a new term emerges for market watchers to focus on and that would be

super core inflation.

Fed Chair Jerome Powell mentioned at his December press conference that the services component

of inflation excluding housing was

particularly concerning as that tends to be harder to root out than goods

...