CPI print was down 7.7% on a headline, but 6.3% on the core is still quite a bit. There were actual declines in milk, orange juice and bacon. It's something that suggests we're going in the right direction. The Fed will put some sort of stopping point in place soon enough to maybe get that soft landing.
Bloomberg Markets Correspondent Kriti Gupta and Bloomberg News International Economics and Policy Correspondent Michael McKee break down the markets and economic reaction to Thursday's encouraging CPI data. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, discusses seeing a rise in Covid hospitalizations for kids under 6 months. Bloomberg Businessweek National Correspondent Josh Green provides the details of his Businessweek Magazine cover story Narrow GOP Edge Is McCarthy’s Dream—and Nightmare—Come True. Bloomberg Opinion Columnist Matt Levine talks about Binance pulling out of rescuing FTX. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital. Hosts: Carol Massar and Paul Sweeney. Producer: Paul Brennan.
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