July CPI not hot enough to change rate cut expectations for this year, says Subadra Rajappa

For more on today's CPI print, associate general head of US rate strategy Subra Roja is here on set. Subadra, great to see you. What did you make of today's action.I know you're you're not on the equity side of it, but to see markets rally uh to record highs and to see not too much happening in the bond market in terms of by the end of the day. What did you make of it all. So to me the you know if you came into this report thinking that goods inflation is going to show up or sorry tariffs are going to show ...