Is the One Year Inflation Swap Trading at Three and Half %?

I'd love to kind of dig though into this idea that you think we've dodged the inflation bullet. And just so am, you know, i completely agree that inflation's coming down. What we should really be looking at is the one year inflation swap, which is trading around three and a half %. Whether you think inflation should be above or below certain levels for the next few months is very much about your opinion oil and natural gas more so than what you think about cor oth economy.