Let's bring in Greg Do. That's a good idea. >> He thinks this report wasn't just noisy and full of gaps, but that it shows a downwardly biased view of inflation.Greg, am I saying that correctly. What do you see here that jumps out to you. >> Yeah, that's absolutely right, Kelly.And I think Steve put it well. Uh, it was full of gaps for sure. It was very noisy.It was messy, but there was a downward bias. And this downward bias to clarify what Steve was mentioning is due to the BLS methodology when it comes t ...

Let's bring in Greg Do. That's a good idea. >> He thinks this report wasn't just noisy and full of gaps, but that it shows a downwardly biased view of inflation.Greg, am I saying that correctly. What do you see here that jumps out to you. >> Yeah, that's absolutely right, Kelly.And I think Steve put it well. Uh, it was full of gaps for sure. It was very noisy.It was messy, but there was a downward bias. And this downward bias to clarify what Steve was mentioning is due to the BLS methodology when it comes t ...

Welcome to Yahoo Finance's special coverage of the November CPI report. I'm Julie Hyman and we are getting the numbers for November. Now, year-over-year, inflation milder than expected, rising 2.7%.Economists on average have been looking for a 3.1% gain. Core CPI excluding volatile food and energy prices up 2.6% year-over-year versus the 3% that uh economists had been looking for on average. Now, we're not getting the month-over-month numbers.Remember, because of the government shutdown, um the government w ...

Greg, it's great to see you as always. >> Always a pleasure, >> man. I I could use all of the words this morning that I've been hearing.Confusing, murky, foggy. Take it with a grain of salt. That's those are some of the things I've heard to describe this morning's CPI report.What can we say about the report. What did it tell us. >> I call it a Swiss cheese report.It's full of holes. Uh we're missing a lot of data across the board. Um the main message in my opinion is the following.one, we have still a gradu ...

Welcome back. Stocks are higher after the cooler than expected inflation data this morning. But some questions now being raised about how much we might trust this print.Our Steve Leeman's looking into that. I'm seen the Brucellis response this morning. Uh [laughter] dude, that was one flawed report.>> That's one of my bullet points here, Carl. And you guys were just talking about this stocks loving this cooler than expected inflation report. The bond market and economists highly skeptical with many saying c ...

Welcome back. Stocks are higher after the cooler than expected inflation data this morning. But some questions now being raised about how much we might trust this print.Our Steve Leeman's looking into that. I'm seen the Brucellis response this morning. Uh [laughter] dude, that was one flawed report.>> That's one of my bullet points here, Carl. And you guys were just talking about this stocks loving this cooler than expected inflation report. The bond market and economists highly skeptical with many saying c ...

Brian Jacobson, we talked to um an economist earlier and other folks who are involved in the market and they said indeed take this one with a huge grain of salt. Is that how we should be viewing this report. >> Yeah, I actually think that'd be a mistake to take it with too much of a grain of salt.I mean, every data release you do want to have a grain of salt probably around the rim of a margarita glass. But I think that when we're looking at this, yes, they did start the data collection a little bit later. ...

Brian Jacobson, we talked to um an economist earlier and other folks who are involved in the market and they said indeed take this one with a huge grain of salt. Is that how we should be viewing this report. >> Yeah, I actually think that'd be a mistake to take it with too much of a grain of salt.I mean, every data release you do want to have a grain of salt probably around the rim of a margarita glass. But I think that when we're looking at this, yes, they did start the data collection a little bit later. ...

PRICES RISING 2.7% FROM A YEAR AGO. THAT WAS COOLER THAN EXPECTED. THE PRINT SENDING ODDS OF A MARCH RATE CUT TO OVER 50% RIGHT NOW.JOINING US NOW IS PIMCO GLOBAL ECONOMIC ADVISOR, FORMER FEDERAL RESERVE VICE CHAIR RICHARD CLARIDA. IT'S GREAT TO HAVE YOU HERE. >> WELCOME BACK.YEAH. ALWAYS ENJOY IT. >> SO HOW MUCH DO YOU READ INTO THIS INFLATION PRINT.>> I THINK THERE'S SOME GOOD NEWS HERE. OBVIOUSLY DISTORTIONS WITH THE SHUTDOWN AND SOME SEASONALS. BUT I THINK YOU TAKE THE GOOD NEWS WHEN YOU CAN CAN GET IT. ...

Joining us now is Pimco, global economic adviser, former Federal Reserve vice chair Richard Clara. It's great to have you here. Welcome back.>> Yeah, always enjoy it. >> So, how much do you read into this inflation print. >> I think there's some good news here.Obviously, distortions with the shutdown and some seasonals. Uh uh but I think you take the good news when you can can get it. Um and I think it reinforces the message out of the Fed last week, which is inflation is still pretty stubborn, but it's it' ...