The most important thing to take away from this inflation report is that it was really good Right, it showed a lot of progress on inflation in the US despite this slight tick up in the headline number. So what we've seen is investors think that this will put the Fed on pause for September They think that the Fed will not increase interest rates This suggests that the Fed's increases the Fed's you know That year and a half of really aggressive interest rate increases that that has been successful at slowing down Inflation.