Welcome to Weekend Bite presented by Wall Street breakfast.

I'm Leslie Osmond and July's CPI is chilling out.

The market seemed happy about the news that inflation cooled more than expected.

Energy including fuel,

experience decreases while food and shelter

are still on the rise.

The labor market adds more than half a million jobs,

and mean stocks are back in action.

Joining us today is Sam Rowe, C-F-A, and founder of T-K-E-R, which offers curated news, data, and analysis

on the economy and markets.

Sam, it's great to have you. Thanks for having me. Talk to us about

CPI which increased to 8.5% in July, the first hint of potential moderating. Do you think the

Fed has some breathing room or will they

remain hawkish? I think the Fed does have a bit of breathing room. I think it's

great to see that from a month-month perspective that prices have cooled significantly.

Now I think publicly they're going to continue to embrace a very hawkish tone because prices are still up on a year over year basis.

Like you said, it's 8.5% on a year over year basis. Like you said, it's 8.5% on a year over year basis.

But I think we are sort of at the beginning of what is going to turn out

to be very compelling evidence, as the Fed says toward having actual cooling prices.

Do you think inflation has peaked? I think it's possible, you know, but you know I find

inflation peaked last February in March also and when we have things like an exogenous shock like the war breaking out in Ukraine.

You have persistent supply chain issues and sometimes surprises happen.

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