So I bring in Kevin Hanks, co-host of Fast Market, live at the CBOE and we have an inline CPI print. The jobless claims obviously for firsttime claims highest in four years. We have a lot to discuss.So let's start with some of the inflation story after the PPI yesterday and CPI today. Good morning Kevin. Good morning Nicole.Yes. Uh CPI comes out uh the pretty much in most case in line with consensus expectations. The CPI month- over-month headline up 0.4% that's a tenth better than expected.The actual numbe ...

Investment Rating - The report does not explicitly provide an investment rating for the industry or specific companies within it Core Insights - The May core CPI rose by 0.13% month-over-month, which was below expectations, with the year-over-year rate increasing to 2.79% [2][3] - Declines in airfares (-2.7%) and used car prices (-0.5%) were noted, attributed to softer demand in business and tourism travel [2][3] - The report estimates that tariff increases have raised CPI components exposed to these tariffs by an average of 1.2%, contributing 0.04 percentage points to monthly core CPI inflation over the last three months [2][3][7] - The core PCE price index is estimated to have risen by 0.18% in May, corresponding to a year-over-year rate of +2.62% [8] Summary by Relevant Sections CPI Analysis - The headline CPI rose by 0.08%, influenced by a 1.0% decline in energy prices and a 0.3% increase in food prices [7] - The core CPI components that negatively impacted the overall index included public transportation (-2.5%), apparel (-0.4%), and used cars (-0.5%), which collectively weighed down the core by 7 basis points [3] Price Index Estimates - The report anticipates that the headline PCE price index increased by 0.14% in May, reflecting a year-over-year increase of 2.29% [8] - Market-based core PCE is estimated to have risen by 0.22% in May [8]